• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

IHS Towers delays its IPO to after Nigeria’s election

Fikayo Owoeye by Fikayo Owoeye
June 27, 2018
in Business News, Company News
Telecommunication companies, Telecoms, Call tariffs, Taxes and levies, Then and now: Nigeria's telecommunication history , Nigerian Telecoms Connectivity Offerings Impact Nigerians More than Ever
Share on FacebookShare on TwitterShare on Linkedin

Africa’s leading telecom infrastructure provider, IHS Towers Limited has shifted its Initial Public Offer (IPO) valued at $10 billion, fearing that the sale may be too close to Nigeria’s general election next year.

The company is seeking to raise about $1 billion from the New York Stock Exchange (NYSE).

According to Bloomberg, if the tower operator goes ahead with the sale next year, teleco giant could sell its stake in the company where it currently owns about 29% stake.

RelatedStories

MTN storefront in a mall with people inside and outside

MTN Group backs Nigeria’s push for African language AI datasets 

September 29, 2025
MTN, Airtel

Airtel, MTN push Nigeria’s mobile subscriptions to 171.3 million in August

September 27, 2025

MTN’s Chief Financial Officer, Ralph Mupita also revealed that the company’s stake in IHS Tower has been earmarked as an asset for sale.

The telco giant has a total debt of $4.8 billion, according to its FY 2017 results. Also in its financial statements for the year ended December, 2017, classified its investment in IHS as Available For Sale. The company could rake in over $2 billion from a likely sale of its stake in IHS wireless.

MTN is also planning an IPO later this year, this was one of the conditions MTN agreed to settle the $1 billion fine imposed on it by the Nigerian Communications Commission (NCC) in 2015. The company has paid $500 million so far, amounting to half of the fine.

This is the third IPO postponement by an African telecoms infrastructure provider in  2018.

Recall that Helios Towers recently halted its plans to launch an initial public offering (IPO) in London which was expected to value the business at about 2 billion pounds ($2.8 billion).

The company had earlier announced that it has received considerable interest from institutional investors who were supportive of the company’s business plan and growth prospects but its shareholders had decided to withdraw the planned listing.

Eaton Towers also halted its planned IPO on concern that the conditions may hurt the valuations. The mast company was seeking a valuation of about $2 billion in a sale in both London and Johannesburg. The company is owned by Ethos Private Equity Limited.

In recent times, there has been an upsurge in the number of telecommunications mast providers seeking to cash in on a profitable wireless communication on the continent, this can be largely attributed to the ever-growing population and an increase in mobile and data subscription.

IHS is one of Africa’s leading telecom infrastructure providers in Africa. The company builds, leases, and manages telecommunications towers. IHS has over 23,000 towers and operations in Nigeria, Zambia, Cameroon, Cote D Ivoire, and Rwanda. IHS had revenues of $904.7 million in 2016 and has about 2,000 staff. IHS is owned by private equity firm, the Wendel Group Ltd, Goldman Sachs, and MTN.


Follow us for Breaking News and Market Intelligence.
Tags: Helios TowesIHS GroupMTNOn the MoneyRalph Mupita
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

Related Posts

MTN storefront in a mall with people inside and outside
Sectors

MTN Group backs Nigeria’s push for African language AI datasets 

September 29, 2025
MTN, Airtel
Sectors

Airtel, MTN push Nigeria’s mobile subscriptions to 171.3 million in August

September 27, 2025
MTN gains as SWOOTs capitalization close at N18.835 trillion.
Sectors

MTN engages US, European partners to build AI data centers in Africa 

September 16, 2025
ICT gains N4.1 trillion in 8 months to remain largest sector
Sectors

Data consumption in Nigeria hits all-time high in July despite decline in subscriptions 

August 30, 2025
NCC
Sectors

NCC raises alarm as MTN, Airtel, others record over 1,100 fibre cuts weekly 

August 7, 2025
Telecom
Sectors

Telcos confirm SIM swap resumption after NIMC-linked disruption 

July 21, 2025
Next Post
Ibukun Awosika and her romance with different careers over the last 6 decades

FirstBank affirms commitment to the empowerment of widows

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
arco
access bank
nairametrics
first bank









DUNS

Recent News

  • EFCC reports recovery of N566 billion, $411 million, 1,502 properties in two years 
  • PZ Cussons leads as All-Share Index crosses 50% year-to-date return on heavyweight rally 
  • NGX lifts eight-year suspension on Aso Savings & Loans, shares trading resumes 

Follow us on social media:

Recent News

Fraudulent Nigerian politicians now hiding their loot in cryptocurrencies – EFCC Chairman 

EFCC reports recovery of N566 billion, $411 million, 1,502 properties in two years 

October 23, 2025
PZ Cussons, NGX

PZ Cussons leads as All-Share Index crosses 50% year-to-date return on heavyweight rally 

October 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics