Africa’s biggest tower company IHS Holding looks to Asia and the Middle East

IHS Holding plans to enter new markets in the Middle East and Southeast Asia to bulk up ahead of a potential attempt to sell shares in either New York or London.

“We are actively looking to add additional towers from the Gulf area and we recently also looked at Southeast Asia,” he said. Based in Mauritius and with its main operations in Nigeria, IHS was seeking to raise about $1bn in New York, people familiar with the matter said at the time.“Our current deals and plans are funded from our balance sheet,” said Darwish. “At one point we might look at a bigger fund-raise that could include a listing on one of the big stock exchanges such as New York or London.”

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