IHS Towers Completes Sale of Kuwait Operations to Zain Group
23 Diciembre 2024 - 3:15AM
Business Wire
IHS Holding Limited, (NYSE: IHS) (“IHS Towers”), one of the
largest independent owners, operators and developers of shared
communications infrastructure in the world by tower count, has
today announced the completion of the sale of IHS Towers’ 70%
interest in IHS Kuwait Limited (“IHS Kuwait”) including its
approximate 1,675 sites and an additional approximately 700 sites
managed in Kuwait to Zain Group.
The sale of the company’s Kuwait operations is part of IHS
Towers' ongoing strategic review targeted at shareholder
value-creation options.
About IHS Towers: IHS Towers is one of the largest
independent owners, operators and developers of shared
communications infrastructure in the world by tower count and is
solely focused on the emerging markets. The Company has over 39,000
towers across its nine markets, including Brazil, Cameroon,
Colombia, Côte d’Ivoire, Egypt, Nigeria, Rwanda, South Africa and
Zambia. For more information, please email:
communications@ihstowers.com or visit: www.ihstowers.com
About Zain Group: Zain is a leading telecommunications
operator across the Middle East and Africa, serving 47.2 million
active customers as of 30 September 2024. With a commercial
presence in 8 countries, Zain provides mobile voice and data
services in: Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan and
South Sudan. In UAE, ZainTECH, the Group’s one-stop digital and ICT
solutions provider, is playing a key role in the transformation of
enterprise and government clientele across the MENA region. Also,
UAE based, Zain Omantel International (ZOI) is revolutionizing the
international telecommunications wholesale landscape as the premier
wholesale powerhouse serving regional operators, international
carriers, and global hyper scalers. In Morocco, Zain has a 15.5%
stake in ‘INWI’, through a joint venture. Zain is listed on the
Boursa Kuwait (stock ticker: ZAIN). For more, please email
info@zain.com or visit: www.zain.com
Cautionary Language Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that we
expect, believe or anticipate will or may occur in the future are
forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as “may,” “will,”
“should,” “expects,” “plans,” “anticipates,” “could,” “intends,”
“targets,” “projects,” “contemplates," “believes,” “estimates,”
“forecast,” “predicts,” “potential” or “continue” or the negative
of these terms or other similar expressions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our business, financial condition and results of
operations, and while we believe such information forms a
reasonable basis for such statements, such information may be
limited or incomplete, and our statements should not be read to
indicate that we have conducted an exhaustive inquiry into, or
review of, all potentially available relevant information. These
statements are inherently uncertain and investors are cautioned not
to unduly rely upon these statements. You should read this press
release and the documents that we reference in this press release
with the understanding that our actual future results, performance
and achievements may be materially different from what we expect.
Further information on such assumptions, risks and uncertainties is
available in our filings with the US Securities and Exchange
Commission, including our Annual Report on Form 20-F for the fiscal
year ended December 31, 2023. We qualify all of our forward-looking
statements by these cautionary statements. These forward-looking
statements speak only as of the date of this press release. Except
as required by applicable law, we do not assume, and expressly
disclaim, any obligation to publicly update or revise any
forward-looking statements contained in this press release, whether
as a result of any new information, future events or otherwise.
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communications@ihstowers.com www.ihstowers.com
IHS (NYSE:IHS)
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