IHS Towers Completes Sale of Kuwait Operations to Zain Grou Via Investing.com
LONDON AND KUWAIT CITY–(BUSINESS WIRE)–IHS Holding Limited, (NYSE: IHS) (IHS Towers), one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count, announced today. the completion of the sale of IHS Towers’ 70% interest in IHS Kuwait Limited (IHS Kuwait) including approximately 1,675 of its sites and an additional approximately 700 sites owned in Kuwait to the Zain Group.
The sale of the company’s Kuwaiti operations is part of IHS Towers’ ongoing strategic review aimed at creating shareholder value.
About IHS Towers: IHS Towers is one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count and focuses exclusively on emerging markets. The company has more than 39,000 towers in its nine markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Nigeria, Rwanda, South Africa and Zambia. For more information, please email us at: communications@ihstowers.com or visit: www.ihstowers.com
About Zain Group: Zain is a leading telecommunications company in the Middle East and Africa, serving 47.2 million active customers as of 30 September 2024. Trading in 8 countries, Zain offers voice and data services in Kuwait, Bahrain, Iraq, Jordan , Saudi. Arabia, Sudan and South Sudan. EC Also, UAE-based, Zain Omantel International (ZOI) is transforming the landscape of international telecommunications as a wholesale powerhouse serving regional operators, international carriers, and global scale. In Morocco, Zain has a 15.5% stake in ˜INWI’, through a joint venture. Zain is listed on Boursa Kuwait (stock ticker: ZAIN). For more information, please email info@zain.com or visit: www.zain.com
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Source: IHS Holding Limited
