Africa's Largest Tower Company Plans Growth in Middle East
- Saudi Arabia, Kuwait deals adding IHS towers outside Africa
- IHS will also consider share sale in London or New York
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IHS Holding Ltd. plans to enter new markets in the Middle East and Southeast Asia to bulk up ahead of a potential attempt to sell shares in either New York or London.
Africa’s largest operator of the telecommunications towers is looking to build on two recent deals in Saudi Arabia and Kuwait, Chief Executive Officer Sam Darwish said by phone. “We are actively looking to add additional towers from the gulf area and we recently also looked at Southeast Asia,” he said.