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Mobile infrastructure provider IHS Holding has completed the acquisition of 1,269 mobile network towers from MTN Group Limited’s operations in Rwanda and Zambia 

Under the contract, IHS, will acquire and manage 550 and 719 towers respectively, the company stated. 

IHS will acquire and operate the towers andl invest in a build-to-suit programme to support MTN’s future requirements in both countries, it said.

 “We are pleased to reinforce our position as the leading independent mobile tower operator in Africa. The IHS footprint now reaches across Africa into the East and we are delighted to be bringing our value proposition to new markets,” stated group CEO of IHS Issam Darwish.

“We have worked tirelessly to exceed 99.9 per cent network uptime across the continent for MTN and will bring the same commitment to these new portfolios in Rwanda and Zambia.”

IHS will receive US$620mn funding as well as utilising the proceeds of its recent fundraising to finance future projects in key markets across Africa, it revealed.  

The company will also support various schemes including its organic expansion programme as well as enrolling locals onto engineering programmes. 

 

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