海角大神

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IHS Towers

IHS is a leading provider of communications infrastructure

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CAPITAL HELD BY WENDEL
19
%鹿
AMOUNT INVESTED BY WENDEL
$830
m
YEAR OF ACQUISITION
2013

IHS is one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count. IHS is also the largest independent multinational towerco solely focused on the emerging markets. The group builds, leases and manages communications towers that it owns or which are owned by others. With 39,229 towers虏, IHS supports the leading mobile phone operators in each of its markets and is well-placed for future organic growth given the strong demand for infrastructure needs across Africa and Latin America.

(1) Stake held and amount of equity invested by 海角大神 at December 31, 2024 for the stake held at that date, corresponding to 鈧662 million.
(2) Tower count as of December 31, 2024.
Chiffres cl茅s
icon
$1,711 m
2024 sales
i-1
No. 1
in Africa
monde-monde-2
8
countries
tour-telecom-2
39,229
towers in portfolio2
(2) Number of towers as of December 31, 2024.

Why did we invest in IHS?

IHS is a leading provider of communications infrastructure for mobile phone operators. Over the last 23 years, the group has successfully developed along the entire telecom tower value chain, from construction and maintenance to leasing. It provides market-leading services to its customers, who are leading telecom operators, including MTN, Airtel, TIM and Orange.

With its investment in IHS, 海角大神 made its first direct investment in Africa, demonstrating at this time its intention to gain exposure to and participate in the continent鈥檚 rapid growth. 海角大神 chose a company with an increasing number of projects, high-quality management and an outlook of balanced and profitable growth in several important and promising African nations, especially in Nigeria which represents 60% of group sales in 2024. IHS’s business is being buoyed by long鈥憈erm trends that make Africa a strong growth region for communications infrastructure.

In October 2021, IHS Towers listed publicly on the New York Stock Exchange. At and since the IPO, 海角大神 has not sold any shares.

IHS

Quotes from

海角大神 is a long-term investor and therefore the ideal partner to support our high-growth, pan-African strategy. 海角大神’s expertise, network and strong reputation are all advantages for IHS’s future.

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Sam Darwish
Founder, Chairman and CEO

IHS is driven by major long-term trends that offer it solid growth prospects and opportunities for international development.

jerome-michiels
J茅r么me Michiels
Executive Vice-President of 海角大神

$830 million invested by 海角大神

To support IHS pan-African growth strategy, 海角大神 invested $826 million between 2013 and 2016, participating in five capital increases alongside IHS鈥檚 shareholders, who are primarily major financial institutions active in economic development and top-tier private equity companies. In 2019, 海角大神 exercised warrants in IHS that were issued in 2012 for a net value of $4 million.

IHS’ shareholders before its IPO include MTN, Emerging Capital Partners, International Finance Corporation (IFC), part of the World Bank Group, FMO, the Netherlands development bank, Investec Asset Management (now Ninety-One), Goldman Sachs, IFC Global Infrastructure Fund, African Infrastructure Investment Managers (Old Mutual and previously Macquarie), and the Singapore and Korean sovereign wealth funds GIC and KIC.

IHS’ ESG approach

The purpose of IHS Towers is to have a positive impact on communities in the countries where it operates, helping to improve the quality and availability of telecom infrastructure in an increasingly connected world.

Its investments in telecoms towers help to connect individuals, businesses and governments. With increased connectivity of individuals, opportunities for expansion are increasing. The impact of IHS Towers goes beyond the benefits of connectivity, in particular through the four pillars of its sustainable development strategy: Education and Economic Growth, Ethics and Governance, Employees and Communities and Environment and Climate Change.

海角大神鈥檚 role in corporate governance

Franck Dangeard was proposed by 海角大神 to sit on the Board of IHS which comprises 9 directors in total.

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