IHS Towers completes $274.5 million sale of Rwanda operations to Paradigm Tower Ventures
- IHS Holding Limited completed the sale of IHS Rwanda Limited to Paradigm Tower Ventures for $274.5 million.
- The transaction includes 100% of IHS Rwanda’s operations, comprising approximately 1,467 telecommunication tower sites.
- The acquisition was executed through Paradigm’s Paradigm Infrastructure Holdings (PIH) vehicle.
The sale of IHS Rwanda Limited represents a strategic move that not only optimizes IHS Towers' portfolio but also positions Paradigm Tower Ventures to capitalize on the growing demand for telecommunications infrastructure in Rwanda. This transaction could lead to increased competition and innovation in the region's telecom sector, which is crucial for supporting the rising mobile penetration and data consumption.
