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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.
IHS Towers reported Q2 2022 revenue of $467.7 million, up 16.4% year-over-year, with adjusted EBITDA of $239.1 million and a margin of 51.1%. Despite revenue growth, the company faced a net loss of $177.5 million, impacted by high diesel costs and increased finance expenses. Cash from operations was $216.8 million, while recurring levered free cash flow dropped 49.7% to $87.5 million. The company completed the acquisition of 5,691 towers in South Africa, enhancing its portfolio to 39,052 towers across 11 countries. Guidance for 2022 revenue was raised by $10 million.
IHS Holding Limited (NYSE: IHS) will participate in several key conferences, highlighting its position as a leader in shared communications infrastructure. Sam Darwish, Chairman and CEO, will speak at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23 at 3:50 PM ET. Steve Howden, EVP and CFO, will present at the RBC Capital Markets Global Communications Infrastructure Conference on May 24 at 11:20 AM MT and participate in a panel on May 25 at ConnectX. Webcast access for these events is available on the IHS Towers investor site.
IHS Towers reported a robust first quarter 2022 with revenue reaching $446.1 million, marking a 23.4% increase year-over-year. Adjusted EBITDA stood at $244.9 million with a 54.9% margin. The firm achieved a net profit of $16.9 million, reversing a loss from the previous year. Key growth drivers included organic revenue growth of 21.5% and successful acquisitions, including São Paulo Cinco Locação de Torres Ltda. IHS Towers also ended the quarter with $3,060.3 million in total debt and $508.6 million in cash, positioning them well for future investments.
According to the latest Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth for U.S. small business workers has increased for eleven consecutive months, with average earnings reaching $30.10, a 4.85% year-over-year rise. The national jobs index stands at 101.14, marking a 2.85% increase from last year, although job growth moderated slightly at -0.14%. Texas leads in employment growth, while the leisure and hospitality sector experiences the most robust job and wage growth. The report reflects ongoing strength in small business employment despite a slight slowdown in job gains.
IHS Towers reported a 12.1% revenue increase for Q4 2021, reaching $415.6 million. Full-year revenue rose 12.6% to $1.58 billion. Despite a $72.3 million loss in Q4, Adjusted EBITDA improved to $216.6 million with a 52.1% margin. Cash from operations was $190.2 million, while recurring levered free cash flow (RLFCF) decreased by 40.5% to $87.9 million. Strategic partnerships were established in Egypt, and acquisitions in Brazil and South Africa were completed, expanding IHS's footprint to over 31,000 towers across nine countries.
IHS Holding Limited (NYSE: IHS) will release its financial results for the three-month and full-year periods ending December 31, 2021, on March 15, 2022, at 6 am ET. A conference call to discuss these results will follow the same day at 8:30 am ET. Participants can join by dialing +1 646 664 1960 (U.S./Canada) or +44 20 3936 2999 (UK/International) with passcode 955442. The earnings results will also be available via the Earnings Materials section of the company’s website.
IHS Holding Limited (NYSE: IHS) has appointed Colby Synesael as Senior Vice President of Communications, effective March 1, 2022. Based in New York City, he will enhance the Group's Investor Relations and Communications & Sustainability initiatives, reporting to the CFO. This move aligns with IHS's strategy to fortify its senior management after its recent leadership additions. Synesael, a veteran analyst, brings valuable industry insight to drive shareholder value.
Grupo Torresur (GTS) has reached an agreement to sell its subsidiary, São Paulo Cinco Locação de Torres Ltda. (SP5), to IHS Holding Limited (NYSE: IHS) for US$315 million. Following the sale, GTS will manage approximately 2,800 towers in Brazil through its remaining subsidiary, São Paulo Locação de Torres Ltda. (SPT). GTS's Chairman, Jimmy Eisenstein, emphasized the strategic importance of this sale in enhancing infrastructure in underserved regions. The deal is anticipated to close in Q1 2022, pending regulatory approvals.
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.
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