IHS agrees to acquire Helios’ towers in Nigeria

10 Mar 2016

IHS Holding has agreed to acquire Helios Towers Nigeria’s (HTN’s) portfolio of 1,211 tower sites throughout Nigeria, subject to regulatory approval. Under the terms of the transaction, IHS will acquire the entire issued share capital of HTN from HTN Towers Plc, which is ultimately owned by Helios Investment Partners, Pembani Group, First City Monument Bank and other minority shareholders. Upon completion of the transaction, IHS will have full operational control of the underlying business and will market independent infrastructure sharing services to mobile network operators and ISPs in Nigeria. The transaction is expected to close in Q2 2016.