IHS was founded in 2001 and is the EMEA region’s leading player in telecom tower infrastructure for mobile telecoms operators. It is well positioned to benefit from strong growth in infrastructure requirements across Africa. The group operates in all parts of the sector’s value chain, with activities including construction, rental, management and maintenance of telecom towers.
FFP has invested $78 million through four capital increases. After an initial investment of $5 million in 2013 alongside the Emerging Capital Partners (ECP) fund, FFP invested a further $10 million in early 2014 then $60 million in November 2014, including $50 million alongside Wendel, which is IHS’ main shareholder and holds 21.3% of its voting rights.
From its initial base in Nigeria, IHS has expanded through acquisitions and now also operates in Cameroon, Ivory Coast, Zambia, Rwanda. It will soon expand into Kuwait through a deal to acquire 1,600 towers from Zain, which is currently being completed. After that transaction, IHS will manage almost 25,000 towers and have almost 2,000 direct employees.
Number of towers