IHS Nigeria secures $200M financing

IHS Towers

IFC has announced a commitment of USD 200 million to help IHS Nigeria expand its tower portfolio and create mobile infrastructure that will improve service quality for operators and consumers in Nigeria. IFC’s financing is part of a USD 600 million debt package raised by IHS from international and local lenders. The transaction mobilizes significant resources from other investors, including a large Chinese bank.

Read more: IHS Nigeria secures USD 200 mln financing – Telecompaper.