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IHS Towers and 9mobile (now T2) have agreed to end leases on thousands of tower sites from Q3 2025. The move comes as T2 leans on MTN’s network and IHS refocuses on top-tier clients.
Investors, who have weathered four years of steep losses, may welcome the black ink, but a closer look reveals the profit was fueled by a $353.6 million favourable swing in net finance costs.
IHS Towers Rwanda sale to Paradigm Tower Ventures closes at $274.5 million, marking a milestone in Africa’s telecom infrastructure growth.
The New York-listed shares rose 8% to $7.33, a stark recovery from the $2 level where the stock hovered for most of 2024.
NCC has given IHS, ATC, and other tower firms a 2-month deadline to improve Nigeria’s internet quality or face regulatory penalties.
Pan African Towers appoints Echezona Osi as CEO to lead growth and transformation in Nigeria's telecom sector starting July 1, 2025.
The improving backdrop in Nigeria, marked by greater stability in the naira and recent tariff increases, is bolstering confidence.
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.
Since its 2021 New York Stock Exchange listing, IHS Towers has faced investor pressure due to persistent losses, resulting in a significant market value decline
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