IHS Towers to Sell Kuwait Operations to Zain Group

IHS Holding (IHS) has released an update.

IHS Towers has entered into a definitive agreement to sell its 70% stake in IHS Kuwait to Zain Group for an enterprise value of $230 million, aiming to enhance shareholder value and reduce debt. This strategic move underscores the company’s focus on optimizing its financial position while highlighting the substantial value of its assets. The transaction, which is subject to regulatory approvals, is expected to conclude in the first half of 2025.

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