IHS TOWERS AWARDED ACQUISITION INTERNATIONAL’S TMT DEAL OF THE YEAR 2014
23 October 2014; Lagos, Nigeria: IHS Towers, Africa’s leading independent mobile telecommunications infrastructure provider, has won Acquisition International’s award for TMT Deal of the Year for Middle East and Africa.
IHS was awarded the TMT Deal of the Year in relation to its equity raise earlier this year in which a total of $620 million was invested in the IHS business. Proceeds of the funding were allocated to finance acquisitions in Zambia and Rwanda, improve customer coverage and capacity in building new towers and continued investment in alternative energy and green solutions.
Issam Darwish, CEO of IHS, said:
“The award comes after another strong year for IHS. With over 20,000 towers in the portfolio across Africa, IHS is one of the largest independent tower companies in the world. We are delighted to receive this award and for the team to be recognized for its hard work and dedication to delivering the best value for mobile operators in Africa.”
The annual awards have been in existence since 2010 and the winners are determined by factors including the number of votes received from Acquisition International magazine’s dedicated base of over 53,000 subscribers and the magazine’s substantial in-house research.