IHS Towers Reaches Deal to Sell Its Rwanda Business to Paradigm Tower Ventures

IHS Holding Limited (NYSE:IHS) has entered into an agreement to sell 100% of IHS Rwanda Limited, including its approximately 1,465 sites, to Paradigm Tower Ventures. The transaction is expected to be finalized in the second half of 2025.

IHS Holding Limited (NYSE:IHS), most commonly known as HIS Towers, was founded in 2001 and is among the largest independent owners, operators, and developers of shared communications infrastructure globally. The company is the leading independent tower operator in six of the markets where it operates and holds the distinction of being the sole independent tower operator in four of them, with a portfolio exceeding 39,000 towers.

In its Q1 2025 earnings, IHS Holding Limited (NYSE:IHS) highlighted that the agreement to sell Rwanda operations for an enterprise value of $274.5 million is part of the company’s broader strategy focused on enhancing shareholder value. The deal also underscores the underlying worth of the company’s broader portfolio. The company’s projections for FY25 also factor in a full-year contribution from its operations in Rwanda.

IHS Rwanda began its operations in December 2013. The company later acquired the tower assets of MTN Rwandacell Ltd and took full ownership of Rwanda Towers Ltd, which was previously a subsidiary of Airtel Rwanda Ltd. As a result of these acquisitions, IHS Rwanda had established itself as the leading owner and operator of shared communications infrastructure in the country.

To enhance network performance and operational efficiency, IHS Holding Limited (NYSE:IHS) has continuously invested in advanced network monitoring and power systems across its Rwandan sites. IHS Rwanda has remained committed to expanding its services, meeting rising demand, and operating towers with a focus on environmental sustainability. IHS is up by nearly 75% since the start of 2025.

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