Telecom Infrastructure

Tower Operator - IHS Holding - To Re-Open IPO In The US, Valued At US$ 7 Billion

Agency News is reporting that the wireless tower infrastructure operator is considering an initial purchase offer (IPO) in the United States. The sought value of the IPO is said to be worth around seven billion US dollars.
According to sources close to the matter, the process is underway and awaiting the relevant checks and approvals from US regulatory authorities after which specific information on dates, share numbers and offer price would be released.
It is to be recalled that earlier this year (in February 2020) it was reported by Bloomberg that Citigroup and JP Morgan were the appointed arrangers of the transaction, which put the value of IHS Holding at around US$ 7 Billion.
Nigeria is said to be the primary market for IHS Holding Limited, and according to industry experts, should this new IPO transaction complete, it would undoubtedly be one of, if not the biggest so far for any African company listed in the United States financial market.
Credit: contribution from Communications Week Nigeria

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