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….