IHS adds tower power after completing R6.4bn deal with MTN SA

Throughout 2022, we partnered with international and local organizations to deliver targeted programs with appropriate scale and reach.

A conference call to discuss the Q4/FY 2021 Results will take place on Tuesday, March 15, 2022, at 8.30am ET (1.30pm GMT).

Based in New York City, Colby will be responsible for further developing the Group’s Investor Relations practice and the existing Communications & Sustainability team

The deal entails the sale and leaseback of 5 709 of MTN SA’s towers – comprising approximately 4 000 greenfield and 1 700 rooftop sites.

IHS Towers will also provide Power-as-a-Service (“PaaS”) to MTN at approximately 12,800 sites across South Africa (including the acquired 5,709 sites).

S&P Global Ratings upgrades the mobile operator’s standalone credit rating to investment grade after it made progress in reducing its borrowings.

MTN has notified its shareholders of the development.

New consortium IHS Telecom Towers Egypt S.A.E established and new licence application initiated.

The initial public offering price is currently estimated to be between $21 and $24 per share, says the company in its filing.

African Infrastructure Investment Managers (AIIM) latest to announce investment in a new cellphone tower management company focused on West Africa.

Telecoms firm is a major player in Cameroon, Côte d'Ivoire, Nigeria, Rwanda and Zambia.