IHS Towers completes $274.5 million sale of Rwanda operations to Paradigm Tower Ventures

× Click to watch

IHS Holding Limited, a global leader in shared telecommunications infrastructure, has completed the sale of its Rwandan subsidiary, IHS Rwanda Limited, to Paradigm Tower Ventures for $274.5 million, marking the conclusion of a deal first announced in May.

The transaction includes 100% of IHS Rwanda’s operations, comprising approximately 1,467 telecommunication tower sites, and was executed through Paradigm’s Paradigm Infrastructure Holdings (PIH) vehicle. The acquisition was completed in partnership with Convergence Partners Digital Infrastructure Fund (CPDIF), British International Investment (BII), and PROPARCO, the French development finance institution.

The sale forms part of IHS Towers’ strategic portfolio optimisation plan, aimed at enhancing shareholder value and concentrating on higher-growth markets. JPMorgan served as the financial advisor to IHS on the transaction.

“The agreement to sell our Rwanda operations to Paradigm Tower Ventures was carefully considered as part of our strategic initiatives targeted at shareholder value-creation options and highlights the value of our Rwanda operations within our wider portfolio,” said Sam Darwish, Chairman and CEO of IHS Towers, in a statement when the deal was first announced.

Paradigm Tower Ventures, which focuses on emerging market telecom infrastructure, said Rwanda presents a compelling opportunity for growth as demand for shared wireless infrastructure rises. “The Paradigm team is very much looking forward to building a strong, customer-focused business providing high-quality and secure infrastructure to mobile network operators,” said Stephen Harris, Co-founder of Paradigm.

× Click to view

The completed divestment adds momentum to Africa’s fast-evolving digital infrastructure sector, where development finance-backed investors, such as BII and PROPARCO, are deepening their presence amid rising mobile penetration and data consumption. For IHS, the move reflects a continuing effort to streamline operations, reduce debt, and reallocate capital toward larger and more scalable markets across Africa, Latin America, and the Middle East.

× Click to watch