Gold prices slid below $4,000/oz amid profit-taking on Gaza ceasefire
LONDON/KIGALI - IHS Holding Limited (NYSE:IHS), one of the largest independent communications infrastructure operators globally with a market capitalization of $2.3 billion and impressive YTD returns of 135%, has completed the sale of its Rwanda operations to Paradigm Tower Ventures, the company announced Thursday. According to InvestingPro analysis, the company appears to be slightly undervalued based on its Fair Value estimates.
The transaction involves the sale of IHS Rwanda Limited, including approximately 1,467 tower sites, to a consortium led by Paradigm Infrastructure Holdings that includes Convergence Partners Digital Infrastructure Fund, British International Investment, and PROPARCO.
The divestiture is part of IHS Towers’ strategic initiatives aimed at creating shareholder value, according to the company’s press release statement. JPMorgan served as financial advisor to IHS on the transaction.
This marks the first investment by Paradigm Tower Ventures, a platform focused on developing shared wireless infrastructure in Sub-Saharan Africa. Paradigm was founded in 2019 by former executives of global and African tower businesses.
Following the sale, IHS Towers maintains operations across seven markets including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, South Africa, and Zambia, with over 37,000 towers in its portfolio.
The financial terms of the transaction were not disclosed in the announcement.
In other recent news, IHS Holding Limited reported robust financial results for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $0.11, significantly outperforming the forecast of $0.05. Additionally, IHS Holding’s revenue reached $433 million, which exceeded expectations set at $417.83 million. These results highlight the company’s strong performance during this period. Analysts have taken note of these developments, with some firms potentially adjusting their outlooks based on the company’s recent financial success. The announcement of these results has drawn attention from investors and analysts alike, marking a significant achievement for IHS Holding. This update underscores the importance of earnings and revenue performance as key indicators of a company’s financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.