IHS Towers News

Africa's Private Equity Promise And What It Can Deliver

Africa's Private Equity Promise And What It Can Deliver

The fundamental precept of Private Equity (PE) is to transform a company and improve it, thus allowing it to achieve its full capability by enhancing its operational structure.

Issam Darwish, Executive Vice Chairman & CEO, IHS Towers

IHS Towers closes the first African mobile infrastructure consolidation transaction with HTN Towers

IHS Holding Limited (IHS), the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has completed the acquisition of Helios Towers Nigeria Limited’s (HTN) 1,211 diversified tower sites throughout Nigeria.

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets. Credit: sokopay.com

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets

From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.

Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp

Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp

Bharti Airtel Ltd, the world’s third largest communications services provider, has signed an agreement with American Tower Corp., to sell approximately 1,350 towers in Tanzania.

IHS Towers acquires rival Helios Towers Nigeria (HTN)

IHS Towers acquires rival Helios Towers Nigeria (HTN)

IHS Holding on Thursday announced that it has agreed to acquire Helios Towers Nigeria (HTN), in the process adding 1,211 tower sites in Nigeria to its portfolio.

Investec successfully closes 2nd Africa private equity fund at $295M

Investec successfully closes 2nd Africa private equity fund at $295M

Investec Asset Management has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at $295 million.

Nigeria Targets Country-Wide Broadband Access by 2020

Nigeria Targets Country-Wide Broadband Access by 2020

Nigeria plans to help revive economic growth by expanding broadband Internet access throughout Africa’s most populous country by 2020 despite delays in rolling out the needed infrastructure, according to the telecommunications regulator.

Profits and pitfalls on the private equity path into Africa: Hurley Doddy, Co-Founder, Managing Director & Co-CEO of Emerging Capital Partners

Profits and pitfalls on the private equity path into Africa: Hurley Doddy, Founding Partner, Emerging Capital Partners

Africa is home to some of the world’s fastest growing economies and an increasing number of investors believe private equity could prove an effective way in.

MTN in talks with IHS to sell towers for as much as $2 billion

MTN in talks with IHS to sell South Africa towers for as much as $2 billion

MTN Group Ltd. has begun talks with phone-tower operator IHS Holding Ltd. over South African towers the wireless carrier is seeking to sell in a deal valued at as much as $2 billion, according to a person familiar with the matter.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

African Entrepreneurs - A new generation leads the way: Financial Times (Report)

Start-ups are thriving and helping to change perceptions of business in Africa. As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

Vincent Le Guennou, Co-CEO, Emerging Capital Partners

Private equity firm Emerging Capital Partners looking to raise additional $750M for Africa deals

Emerging Capital Partners, the buyout firm that’s made more than 50 investments in Africa, is seeking as much as $750 million as it pursues further deals.

David Rubenstein, Co-Founder & Co-CEO, The Carlyle Group

Private equity: The African promise

Carlyle Group co-founder David Rubenstein made headlines last year for suggesting Africa was poised to become the next private equity hotspot. “The great explosion in private equity, if it is going to occur anywhere around the world in the next couple of years, is probably going to be in Africa, particularly sub-Saharan Africa …”

Nigerian infrastructure companies (infracos) to connect 60 cities to broadband

MainOne and IHS Towers to connect 60 cities in Nigeria to broadband

Nigeria’s licensed infrastructure companies (InfraCos) plan to improve broadband services in Lagos and about 60 other cities in the North Central zone of Nigeria, The Guardian reported.

US private equity firm KKR made its maiden investment in Africa in 2014, spending $200M on a stake in an Ethiopian flower farm.

African private equity deals hit seven-year high

The value of private equity deals in Africa reached their second-highest level on record in 2014 as population growth and an increasingly stable political climate helped drive international interest in the continent.

A pedestrian checks his mobile handset as he passes a giant logo outside the headquarters of MTN Group Ltd. in Johannesburg. Photographer: Nadine Hutton/Bloomberg

American Tower Is Said to Eye MTN's South African Assets

MTN Group Ltd., Africa’s largest wireless carrier, has received interest from American Tower Corp. for at least a part of the network of about 9,000 towers it’s selling in South Africa, according to people familiar with the matter.

Telecommunications Tower

Telkom said to mull phone tower network sale in South Africa

Telkom SA SOC Ltd., a South African phone company seeking to cut costs on a struggling mobile service, is considering a sale of a network of telephone towers in the country, according to people with knowledge of the matter.

Funke Opeke, CEO, MainOne Cable

MainOne and IHS win infrastructure company (InfraCo) licenses in Nigeria for Lagos and North-Central zones respectively

The Nigerian Communications Commission (NCC) has announced MainOne Cable Company and IHS Communications as the successful bidders of Infrastructure Company (InfraCos) licences for Lagos and the North Central zones respectively

IHS acquires Airtel towers in Rwanda and Zambia

IHS acquires Airtel towers in Rwanda and Zambia

Airtel has sold its 1,100 towers in Rwanda and Zambia to IHS Holding Ltd, the deal is rumored to be about US$200 million under a 10-year renewable agreement.

IHS Towers

IHS Nigeria secures $200M financing

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.

Issam Darwish, Executive Vice Chairman & CEO of IHS Towers

IHS Towers announces $2.6B capital raise, the largest in Africa since 2007

IHS Holding Limited (“IHS”), Africa’s leading independent mobile telecommunications infrastructure provider, has signed agreements for a capital raise of US$2.6 billion comprising equity of US$2 billion and a loan facility of US$600 million.

Mobile Network Towers

MTN Nigeria to transfer up to 9,151 towers to IHS-MTN joint venture

In line with continued efforts to further raise service levels for its customers in Nigeria, MTN has reached an agreement in principle with IHS Holding Limited (“IHS”) for the transfer of its towers business, comprising of up to 9,151 of MTN’s mobile network towers in Nigeria.

Issam Darwish, CEO, IHS Towers

IHS Towers and Etisalat enter sale and lease back agreement on Nigeria's 2,136 tower portfolio

Etisalat Nigeria today announced the sale of 2,136 of its towers to IHS Holding Limited (IHS) as part of a broader strategy to drive improvements in the quality of its network performance and to accelerate roll out of 2G and 3G coverage and new services to its customers.

Mobile Phone User in Africa

Africa's telecoms frontier (Video)

Sub-Saharan Africa is the fastest growing region in terms of mobile subscriptions.

Tower sharing in Africa

Helios Towers Africa Raising almost $1B for regional expansion

Helios Towers Africa, the owner of telecommunications towers in three countries on the continent, is raising almost $1 billion in capital to expand in the region, Chief Financial Officer Andres de Orleans Borbon said.