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IHS Holding Agrees To Sell 100% Of IHS Rwanda Including About 1,465 Sites To Paradigm Tower Ventures For $274.5M

Author: Benzinga Newsdesk | May 20, 2025 07:07am

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 agreed to sell 100% of IHS Rwanda Limited ("IHS Rwanda") including its approximately 1,465 sites1 to Paradigm Tower Ventures. The transaction is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the second half of 2025.

The terms of the transaction reflect an enterprise value2 of $274.5 million, implying a transaction multiple of 8.3x adjusted EBITDA after leases3. This represents a significant premium compared to the current valuation multiple of the IHS Towers group.

Posted In: IHS

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