IHS Stock Recent News

The infrastructure upgrade for digital transformation, fiber densification and 5G rollout should help the Zacks Communication - Infrastructure industry thrive despite near-term headwinds. IHS and ATEX are likely to benefit from the continued transition to cloud networks.

IHS Holding completes the sale of its Kuwait operations to Zain for an enterprise value of $230 million.

LONDON & KUWAIT CITY--(BUSINESS WIRE)--IHS Holding Limited, (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has today announced the completion of the sale of IHS Towers' 70% interest in IHS Kuwait Limited (“IHS Kuwait”) including its approximate 1,675 sites and an additional approximately 700 sites managed in Kuwait to Zain Group. The sale of the company's Kuwait operations is part o.

IHS Holding enters into a definitive agreement to sell a majority stake of its Kuwait operations to Zain Group for an enterprise value of $230 million.

LONDON & KUWAIT CITY--(BUSINESS WIRE)--IHS Holding Limited, (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has signed a definitive agreement to sell IHS Towers' 70% interest in IHS Kuwait Limited (“IHS Kuwait”) including its approximate 1,675 sites and an additional approximately 700 sites managed in Kuwait to Zain Group. The transaction is subject to customary closing conditions, i.

LONDON--(BUSINESS WIRE)--IHS Holding Limited (NYSE: IHS) (“IHS Towers”, and together with its subsidiaries, the “Group”) announced today that it has successfully priced its offering of $550 million 7.875% Senior Notes due 2030 at a yield of 8.150% (the “2030 Notes”) and $650 million 8.250% Senior Notes due 2031 at a yield of 8.500% (the “2031 Notes” and, together with the 2030 Notes, the “Notes”), in the case of the 2030 Notes, at an issue price of 98.800% and in the case of the 2031 Notes, at.

IHS Holding Limited (NYSE:IHS ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Robert Berg - Head, Investor Relations Sam Darwish - Chairman and CEO Steve Howden - Chief Financial Officer Conference Call Participants Richard Choe - JP Morgan Jim Schneider - Goldman Sachs Michael Rollins - Citigroup Maurice Patrick - Barclays Operator Good day. And welcome to the IHS Holding Limited Third Quarter 2024 Earnings Results Call for the three-month period ended September 30, 2024.

IHS Holding (IHS) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of $0.11. This compares to loss of $0.48 per share a year ago.

LONDON--(BUSINESS WIRE)--IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, today reported financial results for the third quarter ended September 30, 2024. Sam Darwish, IHS Towers Chairman and Chief Executive Officer, stated, “We're reporting another solid performance across our key metrics in the third quarter, driven by healthy secular demand and.

IHS Holding remains a buy due to its advantageous competitive advantages stemming from unique locations and wide economies of scale. Nigeria's high inflation, unemployment, and infrastructure gaps are significant headwinds, though a slight GDP improvement offers some optimism. Q2 2024 saw a 20.3% YoY revenue decrease and an 11.9% YoY adjusted EBITDA decline, mainly due to a 64% devaluation of the Nigerian naira.