IHS surpasses US$1 billion capital raised in the past 12 months
Towerco raises funds to continue expansion across Africa
IHS Towers, Africa’s largest independent mobile infrastructure company, has secured US$522 million of debt and equity, led by new and existing lenders and shareholders. The combined transaction, which represents one of the largest capital expansion initiatives in Africa during the last 12 months, brings the total financing raised by IHS Towers to over US$1 billion.
The transaction also marks another significant milestone with the addition of one of Asia’s premier sovereign wealth funds to IHS’ already strong shareholder base. The capital raise marks the second time this year that an international fund has made its first investment into Africa through IHS and highlights the strength of IHS’ platform and the global attractiveness of market leaders in Africa.