BREAKING: IHS Towers to sell Rwanda operations to Paradigm Tower Ventures for $274.5 million
- IHS Holding Limited sells its Rwandan operations to Paradigm Tower Ventures for $274.5 million.
- The sale includes 100% of IHS Rwanda Limited, comprising approximately 1,465 telecommunication towers.
- The agreed price represents an 8.3x multiple of adjusted EBITDA after leases.
The sale of IHS Rwanda to Paradigm Tower Ventures is a strategic move that not only enhances shareholder value but also signifies the growing potential of the telecommunications market in Africa. This divestment could lead to increased investment in the region's infrastructure, which is crucial for supporting the rising demand for mobile services. Future discussions could focus on how such transactions impact local economies and the competitive landscape in emerging markets.
