IHS shelves IPO until after Nigerian presidential elections - report

Thursday 28 June 2018 | 08:49 CET | News
IHS Towers has postponed an initial public offering that would have valued the company at as much as USD 10 billion, Bloomberg reported citing people familiar with the matter. The delay comes on the back of concern the sale may take place too close to an election in the home market of IHS Towers in Nigeria. Africa's largest tower company, whose shareholders include Goldman Sachs Group, Wendel and MTN Group was seeking to raise about USD 1 billion in New York. The share sale may now be postponed until 2019, the sources said. A representative of IHS Towers declined to comment. 

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Categories: Mobile & Wireless
Companies: 9Mobile / Eaton Towers / Helios Towers / MTN
Countries: Africa
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