HIS Towers completes acquisition of tower sites from Helios

Mergers, Acquisitions and Financial Results

Mauritius-based tower management firm IHS Towers has completed its acquisition of 1,211 tower sites from Helios Towers Nigeria (HTN). Under the agreement, IHS acquired the entire issued share capital of HTN, taking full operational control of the underlying business. HTN’s towers will be integrated into the IHS network and connected to IHS’s network operating centre. The company will also work to roll out its renewable energy solutions and diesel reduction initiatives whilst maintaining ‘unparalleled’ uptime. IHS notes that there are ‘meaningful synergies’ that will be derived from the transaction, given a considerable portion of its portfolio is located in Nigeria.