IHS Holding Ltd

IHS Holding Ltd is a telecommunications infrastructure company that owns, operates, and manages shared telecommunications towers and related infrastructure across Africa. The company provides colocation services, power generation, and managed services to mobile network operators. As of June 30, 2026, IHS operated 37,672 towers across five countries in Africa and two countries in Latin America, supporting 55,205 tenants at a colocation rate of 1.47x. Its primary market is Nigeria, which generates the majority of revenue, with additional operations in Sub-Saharan Africa including Cameroon, Côte d'Ivoire, South Africa, and Zambia. The company is in the process of being acquired by MTN Group Limited under a definitive merger agreement announced in February 2026 at $8.50 per share in cash. IHS has divested its Latin American operations, having completed the sale of its Brazilian fiber subsidiary I-Systems to TIM S.A. in May 2026 and its Latam tower operations (approximately 9,000 sites) to Macquarie Asset Management in August 2026 for an enterprise value of approximately $952 million. Key customers include MTN Group entities (approximately 69% of continuing revenue) and Airtel (approximately 20%). The company facilitates mobile communications coverage and connectivity for approximately 647 million people in emerging markets. IHS is incorporated in the Cayman Islands and reports under IFRS. Updated Aug 11, 2026