IHS raises $2.6b in equity and debt for expansion | GulfNews.com

IHS raises $2.6b in equity and debt for expansion | GulfNews.com:



"IHS Holding, Africa’s largest phone-tower company, said on Monday it plans to raise capital by $2.6 billion (Dh9.54 billion) in equity and debt, making it the largest equity raise since 2007.



The company plans to raise $2 billion in equity and $600 million in debt to fund acquisitions, which have more than doubled the size of IHS’ tower portfolio in the last 12 months and also furthered new site build programmes.



IHS has now raised a total of $4.5 billion since 2012 and deployed the funds in establishing market-leading positions across Africa in Nigeria, Cameroon, the Ivory Coast, Zambia and Rwanda."



'via Blog this'