IHS Towers – Extensia-ltd

More Africa NewsNigeria: Government signs $1.3 million deal with IHS Towers to create learning communities

October 24, 2023by myles0

The Nigerian government wants to accelerate the development of the country’s digital economy. To achieve this, the executive wants to focus on strengthening the technical capacities of young people. The Nigerian federal government has signed a billion naira ($1.3 million) deal with telecommunications infrastructure company IHS Towers to build learning communities across the country. The partnership was...

More Africa NewsCalls for MTN affiliate IHS Towers CEO to go

September 14, 2023by myles0

Blackwells Capital, a shareholder in MTN’s affiliate IHS Towers, is calling for leadership changes at the tower operator, including a reconstitution of the company’s board and the replacement of CEO and chairman Sam Darwish. This, as the tower company continues to face pressure from its shareholders, who accuse it of poor governance, which has resulted in the...

More Africa NewsPressure mounts on MTN affiliate IHS on governance

June 29, 2023by myles0

Another investor has lambasted MTN affiliate IHS Towers over governance issues at the tower infrastructure firm. Yesterday, IHS shareholder Blackwells, which owns 12% of shares in the firm, sent a scathing letter to the IHS board of directors, demanding that the company address several governance issues. The Blackwells letter follows South African-headquartered MTN earlier this...

More Africa NewsIHS Nigeria Empowers Startups with N3 Million Grant for Sustainable Solutions

June 28, 2023by myles0

Telecommunications company IHS Nigeria, in collaboration with NGO “WeForGood International,” has provided N3 million grants to six startups to support the implementation of sustainable ideas. The grant recipients, selected from a pool of contestants across Africa, presented their innovative ideas during the second edition of the Sustainable Solutions Africa Project (SSAP) organized by the NGO....

More Africa NewsMTN affiliate IHS ‘fears hostile takeover’

June 26, 2023by myles0

IHS Holding is consulting with JPMorgan Chase & Co for advice regarding an escalating standoff with its largest shareholders over how the African tower operator is run, according to people familiar with the matter. The move comes as management fears that governance changes sought by MTN Group and Wendel, which together own about 45% of IHS, could enable a hostile...

More Africa NewsIHS wants to preserve independence from MTN

June 23, 2023by myles0

Tower infrastructure provider IHS has indicated it declined mobile operator MTN’s demands to amend shareholder voting rights at the firm. IHS says it wants to maintain its independence from MTN, which is Africa’s largest mobile operator. This, after MTN this week issued a statement, accusing IHS of wilfully breaching the shareholders’ agreement and articles over voting...

More Africa NewsMTN in fight with company that owns 5,701 of its towers

June 21, 2023by myles0

MTN has accused IHS Towers of wilfully breaching its shareholders’ agreement, blocking a proposal to increase the African telecommunications giant’s voting powers in line with its shareholding. IHS Towers bought 5,701 towers from MTN in 2022 for R6.4 billion cash. MTN, in turn, owns 26% of IHS Towers through its subsidiary Mobile Telephone Networks (Netherlands) B.V....

More Africa NewsNew York-listed IHS weighing a bid for Telkom’s towers

March 1, 2023by myles0

New York-listed IHS Holding is weighing a bid for Telkom’s tower unit, according to people familiar with the matter. Deliberations are focused on the structure of the potential deal, although Telkom remains open to offers from other companies and there is no guarantee IHS will buy the unit, according to the people, who asked not to be...

More Africa NewsIHS Towers announces a roadmap to reduce its carbon footprint

October 26, 2022by myles0

Reducing the carbon footprint of companies has become a priority as climate change accelerates on a global scale. Many African telecom operators have already taken initiatives in this direction. Telecom tower manager IHS Towers on Monday (24 October) unveiled a roadmap for reducing its carbon emissions in its African markets, among others. The company says it is...

More Africa NewsMTN completes R6.4-billion South Africa towers sale

June 1, 2022by myles0

MTN South Africa has completed its sale of its passive tower portfolio to IHS Towers. Last November, the telecommunications operator – which is part of Johannesburg-headquartered MTN Group – said it had reached an agreement with IHS to sell a big chunk of its local tower portfolio in a R6.4-billion deal. MTN agreed to sell the “passive” parts...

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