Expansion could lead to a possible listing in New York or London after 2018 IPO was abandoned
IHS Holding 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.
“We are actively looking to add additional towers from the Gulf area and we recently also looked at Southeast Asia,” he said. Based in Mauritius and with its main operations in Nigeria, IHS was seeking to raise about $1bn in New York, people familiar with the matter said at the time.“Our current deals and plans are funded from our balance sheet,” said Darwish. “At one point we might look at a bigger fund-raise that could include a listing on one of the big stock exchanges such as New York or London.”
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.
Africa’s biggest tower company IHS Holding looks to Asia and the Middle EastExpansion could lead to a possible listing in New York or London after 2018 IPO was abandoned
Read more »
Africa’s biggest tower company IHS Holding looks to Asia and the Middle EastExpansion could lead to a possible listing in New York or London after 2018 IPO was abandoned
Read more »
Business Maverick: South Africa Extends Probe Into Africa’s Biggest Money ManagerPresident Cyril Ramaphosa granted a judicial commission an extra three months to finish its investigation into allegations of wrongdoing at the government workers’ pension-fund manager.
Read more »
Carlos Ghosn’s Middle East adventure may cost him everythingThe former Nissan head’s initial arrest may just have been to buy prosecutors time to find what they’re really looking for
Read more »
Carlos Ghosn’s Middle East adventure may cost him everythingThe former Nissan head’s initial arrest may just have been to buy prosecutors time to find what they’re really looking for
Read more »
Tencent planning Asia's biggest dollar bond saleWeChat operator intends using $3bn of new bond proceeds to retire maturing debt
Read more »
Business Maverick: Woes of Africa’s Biggest Fund Manager Move Lawyer to VerseAccusations of dubious investment decisions and poor leadership at Africa’s biggest money manager have been staples of a long-running inquiry into the company’s dealings. But never in the form of poetry.
Read more »
Africa’s richest man withdrew $10 million just to look at itNigerian billionaire Aliko Dangote, known as Africa's richest man, told a forum in Ivory Coast on Saturday how he once took $10 million in cash out of the bank just to look at it and get it into his head that this was real money, not just figures on paper.
Read more »
Africa's richest man withdrew $10 million just to look at it'When you're young your first million is important, but after, the numbers don't mean much.'
Read more »