Head Topics

Wireless tower operator files for US listing, which could be Africa’s biggest IPO

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

South Africa Headlines News

IHS Towers, of which MTN holds a 29% stake, has filed papers for what may deliver Africa’s biggest IPO in history

Wireless towers operator IHS Holding, of which MTN holds a 29% stake, has filed for a US listing, which could potentially be the biggest ever for an African firm in that country.

The launch of the offering is subject to the necessary regulatory approvals, governance approvals and conducive market conditions, the group said, with the filing of papers a registration document.reported that IHS Holding had selected Citigroup and JPMorgan Chase & Co as global co-ordinators for a listing that could value Africa’s largest operator of wireless towers at as much as $7bn .

MTN had been looking to offload its stake, however this has faced delays, with the group saying in its 2021 half-year results there was “good progress being made to realise value in our stake in IHS in the near term.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wonderful...but what about our Electricity, Water, Sewerage, Internet, low class teaching, no training for trades, nursing and practical aspects of teaching?

I will direct you all on Twitter to Invest your Cryptocurrency with👉 MichaelEddy_1 ❤️ I got a lot of profits from the profits company and I’m going to share this with you all , contact him and invest with him ASAP 👉 MichaelEddy_1❤️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wireless tower operator files for US listing, which could be Africa’s biggest IPOIHS Towers, of which MTN holds a 29% stake, has filed papers for what may deliver Africa’s biggest IPO in history
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: IPO Mania Skips Africa, Where Fast-Growing Firms Prefer DebtA global surge in initial public offerings has so far eluded sub-Saharan Africa I wish I contacted earlier Linda__Stouffe this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person Linda__Stouffe All my achievements started with a determination to try, I took a bold decision with Lisakendriick which impact so much on my financial status.
Source: dailymaverick - 🏆 3. / 84 Read more »

Wireless tower operator files for US listing, which could be Africa’s biggest IPOIHS Towers, of which MTN holds a 29% stake, has filed papers for what may deliver Africa’s biggest IPO in history
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: IPO Mania Skips Africa, Where Fast-Growing Firms Prefer DebtA global surge in initial public offerings has so far eluded sub-Saharan Africa I wish I contacted earlier Linda__Stouffe this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person Linda__Stouffe All my achievements started with a determination to try, I took a bold decision with Lisakendriick which impact so much on my financial status.
Source: dailymaverick - 🏆 3. / 84 Read more »

UN meets Afghan minister Sirajuddin Haqqani, who is on US most-wanted listThe meeting between Deborah Lyons, head of the UN mission in Afghanistan, and Haqqani focused on humanitarian aid, a Taliban spokesperson says
Source: BDliveSA - 🏆 12. / 63 Read more »

Nomcebo set to appear in American reality TV show 'Love and Hip Hop''Look out for me on the biggest American US show, Love & Hip Hop,' an excited Nomcebo shared.
Source: TimesLIVE - 🏆 28. / 59 Read more »