Telecoms infrastructure company IHS Nigeria has agreed to buy and lease-back 459 towers to CDMA operator Visafone Communications for an undisclosed sum, according to media reports.
IHS CEO Issam Darwish was quoted saying in Cellular-news that his…
Telecoms infrastructure company IHS Nigeria has agreed to buy and lease-back 459 towers to CDMA operator Visafone Communications for an undisclosed sum, according to media reports.
IHS CEO Issam Darwish was quoted saying in Cellular-news that his company planned to increase its tower base in the country to over 1,000 sites by the end of the year.
Headquarted in Nigeria, IHS Africa PLC manages some 2,700 towers in Africa. It employs 800 people. The company has subsidiaries in three countries: Infratech Ghana, PCT Sudan and IHS Tanzania. It is listed on the Nigerian stock exchange. In March, it secured a debt and equity package worth a total of US$194m from the IFC to build and acquire mobile towers in sub- Saharan Africa.
