IHS Towers awarded Telecom Finance Deal of the Year
IHS Towers, Africa’s leading independent mobile telecommunications infrastructure provider, has won TelecomFinance’s 2015 award for Deal of the Year.
IHS was awarded TelecomFinance’s Deal of the Year in relation to the acquisition of over 13,000 towers and raising over €3bn of debt and equity funding.
Proceeds of the funding were allocated to finance acquisitions in Nigeria, Zambia and Rwanda, improvements in customer coverage, building new towers and continued investment in alternative energy and green solutions.
A member of the independent panel of judges who selected the winners said: “African towercos have well and truly become key deal makers, with investors scrambling to play a role in their unrelenting expansion. IHS has increasingly proven itself a force to be reckoned with."
For the deals of the year categories, the TelecomFinance editorial team selects a shortlist of the top transactions in three regions – Europe, Middle East & Africa and Asia. An independent panel of experts votes to determine the winners.