LONDON & KUWAIT CITY–(BUSINESS WIRE)–IHS Holding Restricted, (NYSE: IHS) (IHS Towers), one of many largest impartial house owners, operators and builders of shared communications infrastructure on the earth by tower rely, has at this time introduced the completion of the sale of IHS Towers’ 70% curiosity in IHS Kuwait Restricted (IHS Kuwait) together with its approximate 1,675 websites and an extra roughly 700 websites managed in Kuwait to Zain Group.
The sale of the corporate’s Kuwait operations is a part of IHS Towers’ ongoing strategic evaluate focused at shareholder value-creation choices.
About IHS Towers: IHS Towers is without doubt one of the largest impartial house owners, operators and builders of shared communications infrastructure on the earth by tower rely and is solely centered on the rising markets. The Firm has over 39,000 towers throughout its 9 markets, together with Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Nigeria, Rwanda, South Africa and Zambia. For extra data, please electronic mail: communications@ihstowers.com or go to: www.ihstowers.com
About Zain Group: Zain is a number one telecommunications operator throughout the Center East and Africa, serving 47.2 million energetic prospects as of 30 September 2024. With a industrial presence in 8 international locations, Zain supplies cell voice and knowledge companies in: Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan and South Sudan. In UAE, ZainTECH, the Group’s one-stop digital and ICT options supplier, is enjoying a key position within the transformation of enterprise and authorities clientele throughout the MENA area. Additionally, UAE based mostly, Zain Omantel Worldwide (ZOI) is revolutionizing the worldwide telecommunications wholesale panorama because the premier wholesale powerhouse serving regional operators, worldwide carriers, and international hyper scalers. In Morocco, Zain has a 15.5% stake in ˜INWI’, via a three way partnership. Zain is listed on the Boursa Kuwait (inventory ticker: ZAIN). For extra, please electronic mail information@zain.com or go to: www.zain.com
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communications@ihstowers.com
www.ihstowers.com
Supply: IHS Holding Restricted
