IHS Towers

IHS Towers
Industry Telecommunications
Founded 2001 (2001)
Founder Issam Darwish

IHS Towers is the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East.[1]

Operations

Founded by Issam Darwish in Lagos, Nigeria, in 2001, IHS is a company specializing in building towers and managing sites for mobile network operators (MNOs). It is one of the world’s fastest growing tower operators and maintains operations in Nigeria, Cameroon, Ivory Coast, Zambia and Rwanda.[2] Following the recent acquisitions of the tower portfolios of MTN and Etisalat in Nigeria, IHS owns and manages over 23,000 towers in Africa.[3][4]

IHS operates three business models: building its own tower sites and leasing them to operators; acquiring existing MNO sites and leasing tower space back; taking over the management of operators networks with an agreement to lease the sites to other operators.[5]

Some of the MNOs that IHS works with include: MTN, Orange , Airtel , Etisalat and Millicom.[6][7]

IHS is heavily involved in bringing broadband internet to the whole of Africa.[8] IHS partners with startup telecom companies such as Spectranet and Smile to help finance the deployment of their network into urban areas.

Aside from its founding partners, UBC, IHS is supported by a group of international shareholders including Emerging Capital Partners, the International Finance Corporation, Wendel, Goldman Sachs, African Infrastructure Investment Managers, Investec, the IFC’s Global Infrastructure Fund, the Dutch development finance institution (FMO) and the Singapore sovereign wealth fund, GIC.[9][10][11]

IHS has also launched a variety of green energy projects in the five countries in which it operates.[12] It currently employs close to 40,000 people, 95% of which are African.[13]

References

  1. ↑ Smith, Matt. "Africa phone tower firm IHS raises $2.6 billion", Reuters, 3 November 2014. Accessed 16 July 2015.
  2. ↑ Nsehe, Mfonobong. "Nigerian Multi-Millionaire Tycoon Issam Darwish Raises $2.6 Billion For Telecom Towers", Forbes, 11 March 2014. Accessed 13 August 2015
  3. ↑ Thomson, Amy; Spillane, Chritospher. "IHS Said to Pay About $2 Billion for MTN Towers in Nigeria", Bloomberg, 4 September 2014. Accessed 14 August 2015.
  4. ↑ "Top 141 towercos and infracos worldwide, by estimated tower count", TowerXchange, June 2015. Accessed 13 August 2015.
  5. ↑ "Adapting to our region", IHS Towers. Accessed 13 August 2015.
  6. ↑ "Orange and IHS sign tower leasing agreement to improve mobile networks in Côte d'Ivoire and Cameroon" (Press Release). London, Paris: Orange, IHS Towers. 2 April 2013. Accessed 14 August 2015.
  7. ↑ Clark, Simon. "IHS Buys Airtel’s Mobile Phone Towers in Zambia and Rwanda", The Wall Street Journal, 14 December 2014. Accessed 14 August 2015.
  8. ↑ Adeptun, Adeyemi. "InfraCos to connect Lagos, 60 cities with broadband", The Guardian Nigeria, 8 April 2015. Accessed 13 August 2015.
  9. ↑ Smith, Matt. "Africa phone tower firm IHS raises $2.6 billion", Reuters, 3 November 2014. Accessed 14 August 2015.
  10. ↑ Blas, Javier. "Goldman Sachs joins scramble for African mobile telecoms", The Financial Times, 2 March 2014. Accessed 14 August 2015.
  11. ↑ Rice, Xan. "IHS: Local knowledge is important in fulfilling towering ambitions", The Financial Times, 27 November 2012. Accessed 14 August 2015.
  12. ↑ International Finance Corporation; GSMA. "Tower Power Africa: Energy Challenges and Opportunities for the Mobile Industry in Africa"[PDF], November 2014. Accessed July 17 2015.
  13. ↑ "IHS and HTN towers announce business combination", Vanguard News, 10 March 2016. Accessed 2 August 2016.
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