IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa, Latin America and the Middle East. It is the third largest independent multinational tower company in the world.[1][2][3][4]
Following the completion of a sale and leaseback agreement with the mobile network operator Zain in Kuwait, and the acquisition of Cell Site Solutions in February 2020, IHS Towers expanded beyond Africa, operating across three continents. It is one of the world’s fastest growing tower operators, owning and managing over 40,000 towers[1] in 10 countries, including Cameroon, Cote d’Ivoire, Egypt, Nigeria, Rwanda, South Africa, Zambia in Africa; Brazil, Colombia in Latin America; and Kuwait in the Middle East.[7][8][9][10][11][12][13][14][15]
IHS was listed on the NYSE in October 2021 in what was noted as the largest U.S. listing of a company with an African heritage.[16]
In November 2021, IHS expanded its fiber offering and closed its acquisition of a 51% stake in FiberCo Solucoes de Infraestrutura from TIM Brasil.[21] In June 2022, IHS acquired MTN South Africa’s towers.[22]
IHS increased its use of solar energy and hybrid power systems to reduce its overall emissions; by December 2020, over 45% of its African operations had solar power available.[23] In October 2022, IHS published its "Carbon Reduction Roadmap", a strategy for decreasing Scope 1 and 2 emissions by approximately 50% by 2030.[5][24]
The IHS Board includes Jeb Bush, who heads the governance committee; Ursula Burns, the former Xerox CEO and the first Black woman to lead a Fortune 500 company, who also sits on the Uber and Nestle boards; and Carolina Lacerda, the former head of investments banking of UBS in Brazil.[34]
