IHS Towers

IHS Towers Expands Partnership With Airtel Africa by Renewing and Expanding Contract in Nigeria

Retrieved on: 
Wednesday, February 7, 2024

The agreement includes 2,500 colocations in addition to 5G amendments and build to suit sites to be owned and operated by IHS Nigeria.

Key Points: 
  • The agreement includes 2,500 colocations in addition to 5G amendments and build to suit sites to be owned and operated by IHS Nigeria.
  • In line with Airtel Africa’s sustainability strategy launched in October 2021, and IHS Towers’ plans to pursue its Carbon Reduction Roadmap aimed at reducing IHS Towers’ intensity metric by 50% by 2030, both companies have agreed to cooperate on new green initiatives on the collective sites going forward.
  • Sam Darwish, Chairman & CEO, IHS Towers, said “The expansion and renewal of our relationship with Airtel Nigeria is a testament to our continued commitment to serving our customers and the connectivity demands of Africa.
  • Airtel Nigeria, as well as Airtel Africa who we serve in other markets in Africa, has been a long-term partner of IHS, and I am delighted that we continue to strengthen our collaboration to help facilitate mobile connectivity in our largest market, supporting our customers in rolling out new sites throughout Nigeria.”

IHS Towers and Wendel Group Agree on Corporate Governance Matters

Retrieved on: 
Tuesday, January 16, 2024

IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, and Wendel Group (ENXTPA:MF) (“Wendel”), today announce IHS Towers has finalized (i) a settlement agreement with Wendel in relation to ongoing litigation and (ii) proposed changes to the Company’s Articles of Association, reflecting a commitment to strong corporate governance and constructive shareholder engagement, for the benefit of pre and post IPO financial and other shareholders.

Key Points: 
  • IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, and Wendel Group (ENXTPA:MF) (“Wendel”), today announce IHS Towers has finalized (i) a settlement agreement with Wendel in relation to ongoing litigation and (ii) proposed changes to the Company’s Articles of Association, reflecting a commitment to strong corporate governance and constructive shareholder engagement, for the benefit of pre and post IPO financial and other shareholders.
  • Sam Darwish, IHS Towers Chairman and CEO commented: “We believe the agreement announced today better aligns IHS Towers’ corporate governance with that of mature U.S.-listed companies, which was an important goal we set at the time of our public listing.
  • Following the AGM for fiscal year 2025, all directors will be elected on an annual basis.
  • Given IHS Towers' ongoing commercial relationship with certain of its shareholders, appropriate considerations including certain limitations on the ability of these shareholders to exercise those additional rights have been included in the proposal.

IHS Towers Partners with Limitless Space Institute to Inspire Space Exploration and Education in Brazil and Nigeria

Retrieved on: 
Thursday, October 26, 2023

Delivered by experts from the Limitless Space Institute, educators will benefit from monthly virtual workshops with insights from guest speakers on space exploration and science, an invitation to attend the LSI Summer Institute in Houston, Texas, for one week and in-person visits from Limitless Space Institute representatives to Brazil and Nigeria for hands-on workshops.

Key Points: 
  • Delivered by experts from the Limitless Space Institute, educators will benefit from monthly virtual workshops with insights from guest speakers on space exploration and science, an invitation to attend the LSI Summer Institute in Houston, Texas, for one week and in-person visits from Limitless Space Institute representatives to Brazil and Nigeria for hands-on workshops.
  • The selected educators will be enrolled in the Limitless Global Educator Program and have access to tailored content in the Space Education Curriculum developed by the experts from the Limitless Space Institute.
  • This curriculum covers a wide range of topics, including the significance of space exploration, the science underpinning space, its history, the economics of space, as well as sustainable exploration and space ethics.
  • Applications open November 1st, 2023, via the Limitless Space Institute website, https://www.limitlessspace.org/global-educators/ , and will close on December 6th, 2023.

Bridging the Future: Limitless Space Institute and IHS Towers Launch STEM Initiative for Brazil and Nigeria

Retrieved on: 
Thursday, October 26, 2023

HOUSTON, Oct. 26, 2023 /PRNewswire/ -- Limitless Space Institute (LSI) today announced a new partnership with IHS Towers that will encourage students in Brazil and Nigeria to pursue careers in STEM and space exploration.

Key Points: 
  • HOUSTON, Oct. 26, 2023 /PRNewswire/ -- Limitless Space Institute (LSI) today announced a new partnership with IHS Towers that will encourage students in Brazil and Nigeria to pursue careers in STEM and space exploration.
  • Twenty educators from Brazil and Nigeria will be invited to join the 12-month Limitless Global Educator Program and access a carefully curated space education curriculum.
  • Delivered by experts from the Limitless Space Institute, educators will benefit from monthly virtual workshops with insights from guest speakers on space exploration, an invitation to attend the LSI Institute in Houston, Texas, for one week and in-person visits from Limitless Space Institute representatives to Brazil and Nigeria for hands-on workshops.
  • Kaci Heins, Director of the Limitless Space Institute , commented, "We are thrilled to collaborate with IHS Towers in our pursuit to elevate global STEM education.

IHS Holding Limited Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 15, 2023

Revenue for our Nigeria segment increased by $43.5 million, or 13.5%, to $364.6 million for the second quarter of 2023, compared to $321.1 million for the second quarter of 2022.

Key Points: 
  • Revenue for our Nigeria segment increased by $43.5 million, or 13.5%, to $364.6 million for the second quarter of 2023, compared to $321.1 million for the second quarter of 2022.
  • Revenue for our SSA segment increased by $28.5 million, or 30.0%, to $123.4 million for the second quarter of 2023, compared to $94.9 million for the second quarter of 2022.
  • Revenue for our Latam segment increased by $5.6 million, or 13.0%, to $48.3 million for the second quarter of 2023, compared to $42.8 million for the second quarter of 2022.
  • During the second quarter of 2023, capital expenditure (“Total Capex”) was $207.0 million compared to $146.8 million for the second quarter of 2022.

IHS Holding Limited Issues Statement Regarding Recent Shareholder Comments

Retrieved on: 
Wednesday, June 28, 2023

IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, today issued the following statement in response to recent statements from MTN, Wendel and Blackwells Capital about the Company with respect to certain corporate governance matters:

Key Points: 
  • IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, today issued the following statement in response to recent statements from MTN, Wendel and Blackwells Capital about the Company with respect to certain corporate governance matters:
    “The IHS Towers management team and Board of Directors have a continued track record of engaging with shareholders, listening carefully to their views and are focused on acting in the best interests of all shareholders.

Nigeria Telecommunications Industry Report 2022: Local and International Trends, Influencing Factors, Competitive Landscape, Outlook, Industry Associations - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 25, 2023

The "The Telecommunications Industry in Nigeria 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Telecommunications Industry in Nigeria 2022" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on Nigerian mobile and fixed telephony, internet and broadband, and the infrastructure that supports them.
  • It includes information on the state and size of the sector, trends, regulations and government initiatives and developments.
  • The telecommunications sector in Nigeria has the capacity to drive the transformation agenda of the Nigerian government towards a digital economy by 2025.

IHS Towers Publishes 2022 Sustainability Report

Retrieved on: 
Wednesday, May 24, 2023

IHS Holding Limited (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today published its 2022 Sustainability Report.

Key Points: 
  • IHS Holding Limited (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today published its 2022 Sustainability Report.
  • The report covers sustainability activities from January 1, 2022 to December 31, 2022, and is prepared in accordance with the Global Reporting Initiative Standards and maps our sustainability initiatives to the United Nations’ Sustainable Development Goals.
  • Sam Darwish, IHS Towers Chairman & CEO, commented “I am delighted to announce the publication of our 2022 Sustainability Report and share the progress of our sustainability strategy as we completed our first full year as a publicly listed company.
  • To all, I thank you and our incredible partners for supporting our sustainability agenda in 2022.”

IHS Holding Limited Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 23, 2023

During the first quarter of 2023, capital expenditures (“Total Capex”) were $152.6 million compared to $117.0 million for the first quarter of 2022.

Key Points: 
  • During the first quarter of 2023, capital expenditures (“Total Capex”) were $152.6 million compared to $117.0 million for the first quarter of 2022.
  • IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into an up to NGN 165.0 billion (approximately $357.9 million) term loan agreement on January 3, 2023 (as amended and/or restated from time to time the “Nigeria 2023 Term Loan”), and between, amongst others, IHS Netherlands Holdco B.V. as holdco and guarantor; IHS Nigeria, IHS Towers NG Limited and INT Towers as borrowers and guarantors; each of IHS Holding Limited, IHS Netherlands NG1 B.V., IHS Nigeria, IHS Netherlands NG2 B.V., IHS Towers NG Limited, Nigeria Tower Interco B.V. and INT Towers as guarantors; Ecobank Nigeria Limited as agent and certain financial institutions listed therein as original lenders.
  • IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into an up to NGN 55.0 billion (approximately $119.3 million) revolving credit facility agreement on January 3, 2023 (as amended and/or restated from time to time the “Nigeria 2023 RCF”), and between, amongst others, IHS Netherlands Holdco B.V. as holdco and guarantor; IHS Nigeria, IHS Towers NG Limited and INT Towers as borrowers and guarantors; each of IHS Holding Limited, IHS Netherlands NG1 B.V., IHS Nigeria, IHS Netherlands NG2 B.V., IHS Towers NG Limited, Nigeria Tower Interco B.V. and INT Towers as guarantors; Ecobank Nigeria Limited as agent and certain financial institutions listed therein as original lenders.
  • On February 22, 2023, IHS Kuwait Limited drew down a further KWD 0.3 million (approximately $1.0 million) under the facility.

IHS Holding Limited Files its Annual Report on Form 20-F

Retrieved on: 
Tuesday, March 28, 2023

IHS Holding Limited (NYSE: IHS) (“IHS Towers”), today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on March 28, 2023.

Key Points: 
  • IHS Holding Limited (NYSE: IHS) (“IHS Towers”), today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on March 28, 2023.
  • The annual report on Form 20-F can be accessed on the investor relations section of the Company website at http://ihstowers.com/investors or on the SEC’s website at www.sec.gov .
  • IHS Towers will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its investors upon request.
  • Requests should be directed in writing by email to [email protected] .