March 27, 2017 1:14 AM ET

Diversified Telecommunication Services

Company Overview of IHS Towers NG Ltd.

Company Overview

IHS Towers NG Ltd., a tower operator, manages and leases telecommunication infrastructure in Nigeria. The company’s services include designing, building, and operating tower site infrastructure solutions; colocation services; in-building coverage DAS solutions for various users, which enables telecommunication operators to distribute signals in indoor and outdoor areas, such as universities, recreation areas, stadiums and convention centers, hotels, and resorts; and third-party facilities management, monitoring, and maintenance services. Its portfolio included approximately 2,000 company owned towers. It serves mobile network operators, data broadband operators, and transmission and broadcas...

9 Alfred Rewane Road

Ikoyi

Lagos,  

Nigeria

Founded in 2002

223 Employees

Phone:

234 1 462 5315

Key Executives for IHS Towers NG Ltd.

Chief Executive Officer and Director
Age: 53
Chief Financial Officer and Director
Chief Technical Officer
Chief Marketing Officer
Compensation as of Fiscal Year 2016.

IHS Towers NG Ltd. Key Developments

HTN Towers Postpones Floatation

HTN Towers plc announced that the company has postponed its plans to proceed with an initial public offering announced on October 23, 2015. Pierre Danon, Chairman of HTN said, "The shareholders of the Company have received expressions of interest from potential buyers to acquire the Company. Consequently, the board of the directors of the Company has decided not to proceed with the IPO at this time. Notwithstanding, we were very pleased with the high level of investor engagement in the IPO process."

HTN Towers Receives Expression Of Interest From Potential Acquirer

The shareholders of HTN Towers plc have received expressions of interest from potential buyers to acquire the company. On the receipt of the expression, HTN Towers has postponed its plans for floatation on London Stock Exchange, announced on October 23, 2015. Pierre Danon, Chairman of HTN Towers said, "The shareholders of the Company have received expressions of interest from potential buyers to acquire the Company. Consequently, the board of the directors of the Company has decided not to proceed with the IPO at this time. Notwithstanding, we were very pleased with the high level of investor engagement in the IPO process."

HTN Towers Seeks IPO

HTN Towers plc issued a press release mentioning the intention to float its shares on the London Stock Exchange on October 23, 2015. Merrill Lynch International and Citigroup Global Markets Limited are acting as Joint Global Co-Ordinators, Joint Bookrunners and Underwriters, Investec Bank plc and the Standard Bank of South Africa Limited are acting as Joint Bookrunners and Underwriters, and Exotix Partners LLP and Peel Hunt LLP are acting as Co-lead Managers and Underwriters.

Similar Private Companies By Industry

Company Name Region
Andchristie Company Limited Middle East/Africa
Galaxy Backbone Plc Middle East/Africa
Globaltouch West Africa Limited Middle East/Africa
ipNX Nigeria Limited Middle East/Africa
Microfone Telecom Nigeria Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact IHS Towers NG Ltd., please visit www.htntowers.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.