IHS to Sell 70% Stake in Kuwait to Reduce Debt: Stock to Gain? [Yahoo! Finance]
IHS Holding Limited (IHS)
US:NYSE Investor Relations:
investor.ihsmarkit.com
Company Research
Source: Yahoo! Finance
The sale includes approximately 1,675 sites, along with an additional 700 managed sites in the country. Founded in 1983, Zain Group is a leading telecommunications operator serving 47.2 million active customers across the Middle East and Africa region. Known for its advanced services, the company is well-equipped to integrate these new towers into its network and continue delivering excellent service. The acquisition, subject to customary closing conditions and regulatory approvals, is expected to close in the first half of 2025. Upon closing, Zain Group is expected to acquire a 70% stake in IHS Kuwait Limited. From an industry perspective, the deal represents a significant consolidation within the telecom industry, where companies are reshaping their portfolios and strategies to adapt to changing market conditions and technological advancements. The agreement is part of IHS Holdings' ongoing strategy to explore opportunities that drive shareholder value. The proceeds from the t
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IHS
News
- IHS Holding Limited (NYSE:IHS) stock most popular amongst retail investors who own 45%, while public companies hold 26% [Yahoo! Finance]Yahoo! Finance
- IHS Towers Completes Sale of Kuwait Operations to Zain GroupBusiness Wire
- IHS Towers Signs Agreement to Sell Kuwait Operations to Zain GroupBusiness Wire
- IHS Holding Limited Announces Successful Pricing of Dual Tranche Senior Notes TransactionBusiness Wire
- IHS Holding Ltd (IHS) Q3 2024 Earnings Call Highlights: Strong Organic Growth Amid Forex Challenges [Yahoo! Finance]Yahoo! Finance
IHS
Earnings
- 11/12/24 - Miss
IHS
Sec Filings
- 12/2/24 - Form 6-K
- 11/26/24 - Form 6-K
- 11/15/24 - Form 6-K
- IHS's page on the SEC website