Independent mobile infrastructure provider IHS has completed its acquisition of more than 1 200 network towers from MTN. It has bought all of the mobile group’s towers in Zambia and Rwanda. The value of the transaction has not been disclosed. IHS subsidiaries in Zambia and Rwanda acquired ownership and
Browsing: IHS
Fast-growing African tower management company IHS has secured a further US$130m in the second tranche of its latest fund-raising exercise, it said on Thursday. The capital raised is in addition to the $490m of new debt ($70m) and equity ($420m) announced last month and is with existing investors, IHS said. “IHS will use
Cellphone tower management company IHS has secured US$490m in new funding, made up of $420 in equity and $70m in debt, as it expands its operations across Africa. Existing shareholders in IHS are contributing to the fund-raising
JSE-listed telecommunications group MTN is selling its cellular base stations in Rwanda and Zambia to IHS. The group has a total of 1 228 network towers in the two countries – 532 in Rwanda and 704 in Zambia. The value of the transactions has not been disclosed
Rwanda is hoping for a boom in business with plans to offer free Wi-Fi-based Internet access nationwide, starting with a roll-out in the capital city, Kigali. The Rwandan government started the city-wide roll-out last month, targeting schools, public buildings, bus stations and hotels in the city first. IT minister
Vodacom is selling more than a thousand of its base stations in Tanzania to tower operator Helios in a deal worth about US$75m, according to a UK media report. This is the first time that Vodacom has sold tower infrastructure to a third party, the Financial Times newspaper reported at the weekend. Its South African
France’s Orange has signed a deal to allow tower operator IHS to oversee more than 2 000 of its towers in the West African markets of Côte d’Ivoire and Cameroon. Though Orange will continue to own the towers, IHS will manage them for the next 15 years Surplus space on
MTN has moved to play down a report that suggested it has entered into “formal discussions” to sell as many as half of its South African base stations to tower management company American Tower Corp. International telecommunications investment information website
Although the African telecommunications industry has enjoyed significant growth in the past decade, with operators that capitalised on it generally mostly healthy returns on their investments, there is still the opportunity for far more growth, particularly for those who know where
MTN Group has reached an agreement to sell as many as 931 base stations in Cote d’Ivoire and 827 base stations in Cameroon to IHS Holding Limited for US$141m and $143m respectively, for a total transaction of $284m (R2,4bn). Under the deal, HIS will be the 100% shareholder of the tower companies to be set up in