About IHS Towers
IHS Towers is a company based in Lagos (Nigeria) founded in 2001 by William Saad and Sam Darwish was acquired by MTN in February 2026.. IHS Towers has raised $445 million across 5 funding rounds from investors including MTN, Goldman Sachs and African Infrastructure Investment Managers (AIIM). The company has 2,860 employees as of December 31, 2024. IHS Towers has completed 4 acquisitions, including Cell Site Solutions, HTN Towers and Sao paulo cincolocacao de torres. IHS Towers offers products and services including Shared Communications Infrastructure and Sustainability Solutions.
- Headquarter Lagos, Nigeria
- Employees 2860 as on 31 Dec, 2024
- Founders William Saad, Sam Darwish
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ihs Holding Limited
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Annual Revenue
$1.71 B-19.49as on Dec 31, 2024
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Net Profit
$-1.63 B17.43as on Dec 31, 2024
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EBITDA
$880.62 M-16.3as on Dec 31, 2024
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Total Equity Funding
$445 M (USD)
in 5 rounds
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Latest Funding Round
$20 M (USD), Private Equity Round
Jun 01, 2014
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Investors
MTN
& 7 more
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Employee Count
2860
as on Dec 31, 2024
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Investments & Acquisitions
Cell Site Solutions
& 3 more
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Acquired by
MTN
(Feb 17, 2026)
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IPO & Listings of IHS Towers
IHS Towers is a publicly listed company on the NYSE with ticker symbol IHS in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of IHS Towers
IHS Towers offers a comprehensive portfolio of products and services, including Shared Communications Infrastructure and Sustainability Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ownership, operation, and development of shared towers for communications purposes are managed in emerging markets
Implementation of ethics, governance, and environmental practices is carried out to support community and economic growth
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Software Development Team
54 people
Leadership Team
24 people
Finance and Accounting
22 people
Senior Team
20 people
Human Resources and Administration
17 people
Operations Team
16 people
Legal and Compliance
12 people
Manager Team
10 people
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Funding Insights of IHS Towers
IHS Towers has successfully raised a total of $445M across 5 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $20 million completed in June 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Private Equity Round — $20.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Private Equity Round - IHS Towers | Valuation |
investors |
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| Mar, 2014 | Amount | Private Equity Round - IHS Towers | Valuation |
investors |
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| Jun, 2013 | Amount | Private Equity Round - IHS Towers | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IHS Towers
IHS Towers has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include MTN, Goldman Sachs and African Infrastructure Investment Managers (AIIM). This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management and private equity in emerging markets.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Capital is mobilized and invested in sustainable emerging market companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IHS Towers
IHS Towers has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cell Site Solutions, HTN Towers and Sao paulo cincolocacao de torres. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of wireless telecommunications infrastructure services
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2013 | ||||
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Shipbuilding, repair, and metal fabrication services are provided globally.
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2012 | ||||
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Telecom antenna installation services are provided by Skysites.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IHS Towers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ihs Towers Comparisons
Competitors of IHS Towers
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ihs Towers
Frequently Asked Questions about IHS Towers
When was IHS Towers founded?
IHS Towers was founded in 2001 and raised its 1st funding round 10 years after it was founded.
Where is IHS Towers located?
IHS Towers is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is IHS Towers a funded company?
IHS Towers is a funded company, having raised a total of $445M across 5 funding rounds to date. The company's 1st funding round was a Private Equity Round of $5M, raised on Dec 01, 2011.
How many employees does IHS Towers have?
As of Dec 31, 2024, the latest employee count at IHS Towers is 2,860.
What is the annual revenue of IHS Towers?
Annual revenue of IHS Towers is $1.71B as on Dec 31, 2024.
What does IHS Towers do?
IHS Towers was founded in 2001 in Lagos, Nigeria, by co-founders William Saad and Sam Darwish. Tower infrastructure for mobile telecommunications is owned, operated, and managed across emerging markets in Africa and beyond. Services include site development, maintenance, and tenancy for wireless carriers. Operations focus on supporting network expansion in regions with growing connectivity demands, with headquarters based in Nigeria.
What products or services does IHS Towers offer?
IHS Towers offers Shared Communications Infrastructure and Sustainability Solutions.
Is IHS Towers publicly traded?
Yes, IHS Towers is publicly traded on NYSE under the ticker symbol IHS.
How many acquisitions has IHS Towers made?
IHS Towers has made 4 acquisitions, including Cell Site Solutions, HTN Towers, and Sao paulo cincolocacao de torres.
Who are IHS Towers's investors?
IHS Towers has 8 investors. Key investors include MTN, Goldman Sachs, African Infrastructure Investment Managers (AIIM), Peugeot Invest, and Emerging Capital Partners.
What is IHS Towers's ticker symbol?
The ticker symbol of IHS Towers is IHS on NYSE.