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Wireless

IHS Towers revenues up 9% in Q3, exceeds 30,500 towers

Tuesday 16 November 2021 | 16:09 CET | News
Telecommunications infrastructure company IHS Towers reported revenue of USD 400.5 million in the third quarter of 2021, up 8.7 percent on the year-earlier result of USD 368.3 million thanks in part to retrospective currency-related amendments to contracts with MTN Nigeria. On an organic basis, revenues rose 11.8 percent driven mainly by escalations, lease amendments and foreign exchange resets, as well as new sites and new colocations. 

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Categories: Mobile & Wireless
Companies: IHS Towers / MTN
Countries: World
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