IHS surpasses US$1 billion capital raised in the past 12 months

Towerco raises funds to continue expansion across Africa

Read this article to learn:

  • IHS raises US$522 million of new capital:  US$280 million in debt; US$242 million in equity
  • Includes new equity investment from leading Asian sovereign wealth fund
  • Transaction provides capital for ongoing build-to-suit program in existing markets, investment into solar and energy efficiency technologies (including solar panels and high efficiency batteries) and for future acquisitions
  • Positions Africa’s largest independent mobile infrastructure company for next stage of growth

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….

This content is for Subscribers only

To read the full article either login below or follow the link to subscribe.

Log In Subscribe


Announcing an enhanced TowerXchange Journal – subscribe now!

Our new improved offering will allow you to access the insight and analysis you have come to rely on from TowerXchange – but in a format that suits you.

We would love you to continue to receive the TowerXchange Journal by subscribing, and to contribute to the knowledge sharing and information resource we have built up in the form of over 2.5mn words of research and almost 1,000 CXO interviews. An individual subscription costs GBP£2,500 per year, with corporate subscriptions priced according to scale.

Subscribe now