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IHS Towers Appoints Sandile Msimango as Vice President and CEO, IHS South Africa
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
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Tags
management
Rhea-AI Summary
IHS Holding Limited (NYSE: IHS) has appointed Sandile Msimango as the new Vice President and CEO of IHS South Africa. This strategic move follows IHS's acquisition of 5,709 telecommunications towers from Mobile Telephone Networks in South Africa, which will establish IHS as the largest independent tower operator in the country. Msimango brings over twenty years of experience, specifically in mergers and acquisitions, and has a robust background in the telecommunications sector, enhancing IHS's leadership as it navigates expansion in South Africa.
Positive
Appointment of experienced executive Sandile Msimango as CEO of IHS South Africa.
Strategic acquisition of 5,709 towers from MTN enhances market position.
Negative
None.
LONDON--(BUSINESS WIRE)--
IHS Holding Limited (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count, announces the appointment of Sandile Msimango as Vice President and CEO, IHS South Africa.
Based in Johannesburg, Sandile will be leading IHS’ South African operations reporting directly to Executive Vice President, Group Chief Operating Officer, William Saad. His appointment follows the announcement on November 17, 2021, of IHS’ signed agreements to acquire 5,709 telecommunication towers in South Africa from Mobile Telephone Networks Proprietary Limited (“MTN”), one of the leading mobile telecommunications operators in South Africa.
Sandile has over twenty years’ experience in mergers and acquisitions (M&A), investing, corporate strategy implementation and execution. He is a former MTN Group M&A executive where he specifically served as Head of Infrastructure Investments and was instrumental in their towers’ monetization strategy. He began his investment banking career with Deutsche Securities and later Goldman Sachs International. Most recently, he was the Founder and Managing Partner of a strategic financial advisory consultancy and investment vehicle, Coombe Advisory, with offices in London and Dubai.
Sam Darwish, IHS Towers Chairman and Chief Executive Officer, said: “Sandile’s appointment is an important step in our expansion into South Africa. On completion of our acquisition of MTN’s 5,709 towers, IHS will be the largest independent tower operator in the country. This marks the start of an exciting new chapter, and it is important that we have the most skilled executive leading these operations. Sandile brings that specialist telecommunications experience, and a deep knowledge of the South African market gained on-the-ground.”
ENDS
About IHS Towers: IHS Towers is one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count and is the only towerco solely focused on the emerging markets. The Company has more than 38,000 towers pro forma across its 11 markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia. For more information, please email: communications@ihstowers.com or visit: www.ihstowers.com
