IHS Holding Limited - IHS STOCK NEWS

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.

IHS Towers (NYSE: IHS) and UNICEF announced a three-year partnership on International Day of Education to support the Giga initiative, aiming to connect every school to the internet. With a commitment of $4.5 million, IHS will help map school connectivity globally, highlighting infrastructure gaps and attracting investment in underserved areas. The Giga initiative has already mapped over one million schools in 42 countries, addressing the digital divide that affects more than a third of the world's population. This collaboration aims to improve access to educational resources and economic opportunities for young people worldwide.

IHS Holding Limited (NYSE: IHS) has announced the acquisition of São Paulo Cinco Locação de Torres Ltda. from Grupo Torresur for US$315 million. This deal adds 2,115 telecommunication towers to IHS's portfolio, bringing its total to approximately 7,000 towers in Brazil. Expected revenue and adjusted EBITDA from the acquisition are US$38 million and US$36 million respectively in the first year. The acquisition is part of IHS's strategy to strengthen its presence in Latin America and is set to close in Q1 2022, pending regulatory approval.

IHS Holding Limited (NYSE:IHS) has appointed Bill Bates as Senior Vice President and Chief Strategy Officer. Bill will oversee the Group's strategy and mergers and acquisitions, directly reporting to CEO Sam Darwish. With over 20 years in telecommunications, including experience at Brookfield Asset Management and SBA Communications, Bill is expected to drive growth opportunities for IHS. This appointment aligns with IHS's momentum following its NYSE listing in October, aimed at establishing IHS as a leader in emerging market telecom infrastructure.

IHS Holding Limited has signed agreements to acquire 5,709 telecommunication towers in South Africa from Mobile Telephone Networks (MTN) for cash consideration of ZAR6.4 billion. The transaction is expected to generate approximately $220 million in revenue and $80 million in Adjusted EBITDA in the first full year. This move positions IHS as the largest independent tower operator in South Africa, enhancing its commitment to telecommunications infrastructure across Africa. IHS will own 70% of the new business, with the remainder held by a B-BBEE consortium.

IHS Holding Limited (NYSE:IHS) has successfully closed the acquisition of a 51% stake in FiberCo Soluções de Infraestrutura S.A. from TIM S.A. This move marks IHS's entry into the Brazilian fiber market, acquiring TIM’s secondary network assets covering 6.4 million homes. I-Systems, the new entity formed, is projected to generate approximately US$57 million in revenue in its first operational year. IHS will invest a total of approximately BRL1,679 million into I-Systems for growth.

IHS Holding Limited (NYSE: IHS) reported its third-quarter 2021 results, marking a revenue increase of 8.7% to $401 million. The previous year was positively impacted by a one-time revenue catch-up of $13.1 million. Adjusted EBITDA decreased to $219.7 million with a margin of 54.9%, while the loss for the period was $30.4 million. Cash from operations declined to $205.7 million, attributed to higher costs linked to its public company transition. IHS Towers emphasizes its growth strategy through acquisitions and expanding fiber connectivity in emerging markets.