STOCK TITAN

IHS Holding Limited - IHS STOCK NEWS

Welcome to our dedicated page for IHS Holding news (Ticker: IHS), a resource for investors and traders seeking the latest updates and insights on IHS Holding stock.

IHS Holding Limited (symbol: IHS) is the largest independent mobile telecommunications infrastructure provider across Europe, Africa, and the Middle East. Founded in 2001, IHS has established itself as a leader in the industry by offering a full spectrum of services in the tower value chain. This includes tower sharing, colocation on owned towers, and managed services, along with the deployment and ownership of sites. The company is also responsible for the comprehensive construction of telecommunication networks, encompassing site acquisition, design, equipment supply, electromechanical installation, integration, and testing.

With a robust presence in countries like Nigeria, Cameroon, Côte d'Ivoire, Zambia, and Rwanda, IHS currently oversees more than 23,300 towers in Africa. This comes as a result of strategic acquisitions, including the recent purchase of MTN and Etisalat's tower portfolios in Nigeria. IHS's extensive industry experience and technical know-how have enabled it to build long-term relationships with international telecom operators such as MTN, Etisalat, Orange, and Airtel, marking its 14-year track record in the market.

The company's core business lies in providing telecommunications infrastructure to mobile network operators (MNOs), which then offer wireless voice and data services to their end-users. IHS operates across various geographical segments, including Nigeria, Sub-Saharan Africa, the Middle East and North Africa (MENA), and Latin America (Latam). A significant portion of IHS's revenue is derived from its operations in Nigeria, highlighting its strong foothold in the region.

Backed by a depth of technical and industry knowledge, IHS Holding Limited continues to innovate and expand its footprint, ensuring it remains a key player in the ever-evolving telecommunications landscape.

Rhea-AI Summary
Blackwells Capital, a long-term shareholder of IHS Holding, has sent a follow-up letter to the company's Board of Directors, detailing numerous disclosure issues, governance failings, and strategic lapses. Blackwells believes that reconstituting the board is necessary to address these issues and enact value-enhancing changes. The letter also mentions proposals submitted by MTN and Wendel for shareholder representation on the board, indicating concerns about corporate governance. The stock price of IHS has fallen by 60% since its IPO in October 2021.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
management
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.05%
Tags
Rhea-AI Summary
IHS Holding Limited will release its 1Q23 Earnings Results on May 23, 2023. A conference call and webcast to discuss the results will also take place on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
-
Rhea-AI Summary

IHS Holding Limited (NYSE: IHS) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission on March 28, 2023. Investors can access the report on the company’s website or the SEC's site. IHS Towers is a leading independent owner and operator of shared communications infrastructure, focusing exclusively on emerging markets, with nearly 40,000 towers across 11 countries including Brazil, Nigeria, and South Africa.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.28%
Tags
none
-
Rhea-AI Summary

IHS Holding Limited reported strong financial results for Q4 2022 and FY 2022, with Q4 revenue reaching $526.2 million, up 26.6% year-over-year, and FY revenue of $1.96 billion, a 24.2% increase. The company announced 2023 guidance anticipating revenue between $2.19-$2.22 billion and adjusted EBITDA of $1.20-$1.22 billion. Despite these gains, a significant loss of $273.6 million in Q4 and $470.4 million for the year was reported due to increased finance costs and expenses. IHS plans capital expenditures of $610-$650 million in 2023, with a focus on organic and inorganic growth strategies, including a Carbon Reduction Roadmap.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.28%
Tags
Rhea-AI Summary

In November, Paychex reported stable job and hourly earnings growth at U.S. small businesses, with the Small Business Jobs Index declining minimally to 99.38. Hourly earnings growth remained steady at 5.04%, while three-month annualized weekly hours worked growth reached 0.77%, the highest since March 2021. The southern U.S. leads in job growth, with North Carolina noted for job growth, and Missouri for hourly earnings. However, Florida experienced declines, likely due to Hurricane Ian. The report highlights the challenges businesses face from inflation and labor market conditions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
none
-
Rhea-AI Summary

IHS Holding Limited reported a 30.2% increase in revenue for Q3 2022, reaching $521.3 million, driven by strong demand and non-recurring revenue from a key customer. Adjusted EBITDA grew 25.0% to $274.7 million, with a margin of 52.7%. However, the company faced a $52.5 million loss, worsening from $30.4 million in Q3 2021, due to higher finance costs and operational expenses. IHS raised its guidance for full-year revenue and adjusted EBITDA, indicating robust operational performance despite macroeconomic pressures.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.54%
Tags
-
Rhea-AI Summary

IHS Holding Limited (NYSE: IHS) announced a new $600 million three-year loan on October 28, 2022, with expected draws of $370 million. The loan carries a 3.75% interest rate plus SOFR. Proceeds will primarily repay a $280 million bridge facility maturing in February 2023 and a $76 million Nigerian credit tranche due in September 2024. Additionally, the company extended its $270 million revolving credit facility to March 30, 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
none
Rhea-AI Summary

IHS Holding Limited (NYSE: IHS) has unveiled its Carbon Reduction Roadmap, targeting a 50% reduction in Scope 1 and 2 emissions intensity of its tower portfolio by 2030, based on 2021 data. The company will invest $214 million in capital expenditures from 2022 to 2024, expecting $77 million in annual savings by 2025 with a 30% ROI. IHS Towers has raised its capex guidance for 2022 to $645-685 million, with a focus on connecting more sites to the electricity grid and deploying renewable energy solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
none

FAQ

What is the current stock price of IHS Holding (IHS)?

The current stock price of IHS Holding (IHS) is $2.815 as of November 1, 2024.

What is the market cap of IHS Holding (IHS)?

The market cap of IHS Holding (IHS) is approximately 935.9M.

What services does IHS Holding Limited provide?

IHS offers a full spectrum of services in the tower value chain, including tower sharing, colocation, managed services, and telecommunication network construction.

Where does IHS Holding Limited operate?

IHS has operations in Nigeria, Cameroon, Côte d'Ivoire, Zambia, and Rwanda, among other regions.

How many towers does IHS Holding Limited own?

IHS owns and manages over 23,300 towers in Africa.

Who are IHS's main customers?

IHS primarily serves mobile network operators (MNOs) like MTN, Etisalat, Orange, and Airtel.

What is the primary source of revenue for IHS?

The majority of IHS's revenue is derived from its operations in Nigeria.

When was IHS Holding Limited founded?

IHS Holding Limited was founded in 2001.

What recent acquisitions has IHS made?

IHS recently acquired MTN and Etisalat’s tower portfolios in Nigeria.

What type of infrastructure does IHS develop?

IHS develops shared telecommunications infrastructure, including mobile towers and related network elements.

What is the significance of IHS in the telecommunications industry?

IHS is a key player providing essential infrastructure that enables mobile network operators to offer wireless voice and data services.

What are some regions included in IHS’s geographical segments?

IHS's geographical segments include Nigeria, Sub-Saharan Africa, the Middle East and North Africa (MENA), and Latin America (Latam).

IHS Holding Limited

NYSE:IHS

IHS Rankings

IHS Stock Data

935.94M
333.07M
31.71%
43.56%
0.17%
Telecom Services
Communication Services
Link
United States of America
London