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IHS secures $490m to fund continued expansion across Africa

by Andrea Waitrovich

IHS Holding has raised $490 million of equity and debt in its latest financing round. This funding round brings the total amount of capital raised by IHS to more than $1.5 billion during the past 12 months.

IHS invests in telecommunications infrastructure in Africa. IHS Towers currently owns and manages over 10,500 mobile phone towers and has built over 3,500 for its clients across Nigeria, Cameroon and Côte d’Ivoire, making it Africa’s largest independent mobile infrastructure provider by number of towers managed.

IHS will utilize the proceeds of the round to finance acquisitions, help its customers expand coverage and capacity by building new towers, and continue investing in alternative energy and green solutions that have a positive impact on the communities throughout Africa.

Investors include existing shareholders contributing alongside new investors:

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