IHS Towers has agreed to sell its Rwandan subsidiary, IHS Rwanda Limited, to Paradigm Tower Ventures for $274.5 million. The deal includes 1,465 telecom towers and is expected to close in the second half of 2025, pending regulatory approvals.
Fidelity Bank states it is “willing to settle the obligation” now that the appeal process is exhausted. However, the bank points to “significant ambiguities in the judgment resulting in difficulties in calculating the actual financial liability”.