Mobile telecommunications infrastructure provider IHS will acquire Nigerian mobile tower infrastructure manufacturer Helios Towers Nigeria’s (HTN’s) portfolio of 1 211 tower sites throughout Nigeria.
“We have built a unique urban centric portfolio across Nigeria with the highest tenancy ratio in the industry and a diversified tenant mix. IHS is the natural buyer of our business and we believe its deep knowledge and extensive experience in the sector will help to continue the strong level of customer service already being achieved by HTN,” said HTN CEO Inder Bajaj.
Upon completion of the transaction, which is expected to occur in the second quarter of this year, IHS would have full operational control of the underlying business and would market independent infrastructure-sharing services to mobile network operators and Internet service providers in Nigeria.
Business would continue as usual for HTN’s towers, which would be seamlessly integrated into the IHS network and connected to IHS’s network operating centre, which monitored each tower 24 hours a day, seven days a week.