0
Broadband

IHS seeks USD 7 bln from US IPO - report

Thursday 27 February 2020 | 10:29 CET | News
Telecoms tower company IHS has hired banks to oversee what may be the biggest initial public offering (IPO) of an African company in the US, Bloomberg reported citing sources with knowledge of the matter. IHS has selected Citigroup and JPMorgan Chase as global coordinators for a listing that could value the company at as much as USD 7 billion, said the people. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: American Tower / IHS / IHS Towers / MTN
Countries: Africa / Nigeria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTN Group may sell stake in Nigerian business in asset review

Published 03 Feb 2020 10:39 CET | Africa
MTN Group will look at reducing its majority shareholding in its Nigerian subsidiary as part of its plans to monetise assets, ...

IHS Towers acquires Brazil's Cell Site Solutions for undisclosed sum

Published 24 Dec 2019 11:20 CET | Brazil
IHS Holding Limited (IHS) has signed an agreement to purchase Brazil's Cell Site Solutions (CSS) from affiliates of Goldman Sachs ...

MTN Group in talks to sell towers in Ghana, Uganda

Published 01 Nov 2019 09:19 CET | Ghana
MTN Group is in advanced talks to sell stakes in tower assets in Ghana and Uganda worth as much as ZAR 8 billion as it seeks to ...

MTN may sell down IHS stake in IPO

Published 13 Mar 2018 09:38 CET | Africa
MTN Group could sell down its stake in IHS Towers if the latter goes ahead with an IPO. The mobile operator's 29 percent stake is ...

IHS Towers, Helios Towers Africa, Easton mull 2018 IPOs - report

Published 28 Nov 2017 13:14 CET | Africa
Three of Africa's largest telecommunication towers companies plan to pursue share sales in either London or New York in early ...