Bloomberg News

IHS Raises $490 Million for Africa Towers as Goldman Buys

March 03, 2014

IHS Holding Ltd. (IHS), Africa’s largest independent telecommunications infrastructure company by number of towers managed, said it raised $490 million in equity and debt from investors including Goldman Sachs Group Inc. (GS:US) to fund acquisitions and investments.

IHS received $420 million in equity and $70 million in debt from existing shareholders as well as Goldman Sachs, the IFC Global Infrastructure Fund and African Infrastructure Investment Managers, according to an e-mailed statement today. The Nigerian company has raised more than $1.5 billion in capital over the last 12 months, it said.

To contact the reporter on this story: Aaron Kirchfeld in London at

To contact the editor responsible for this story: Aaron Kirchfeld at

The Aging of Abercrombie & Fitch

Companies Mentioned

  • GS
    (Goldman Sachs Group Inc/The)
    • $176.49 USD
    • -3.93
    • -2.23%
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