IHS secures USD2.6bn capital increase

4 Nov 2014

African tower company IHS Holding has signed agreements for a capital raise of USD2.6 billion, comprising equity of USD2 billion from new and existing shareholders and a loan facility of USD600 million and boosting the total capital raised by the company since 2012 to USD4.5 billion. IHS, which has operations in Cote d’Ivoire, Nigeria, Zambia, Rwanda, and Cameroon, will use the funds for new site building programmes throughout its footprint as well as the deployment of efficient power technologies, such as solar systems and high efficiency generator units, and operational management solutions.

Cameroon, Côte d'Ivoire, Nigeria, Zambia, IHS Towers