IHS Towers , a global telecom infrastructure group led by U.S.-Nigerian telecom tycoon Sam Darwish, has completed the sale of its Rwandan operations to Paradigm Tower Ventures for 274.5 million, marking another step in its plan to streamline and strengthen its African business.
The deal gives Paradigm Tower Ventures, a company backed by Convergence Partners Digital Infrastructure Fund CPDIF, British International Investment BII, and Proparco, 1,465 telecom towers. The sale fits with IHS's goal of focusing on markets where it has more scale and makes more money.
Refining its African strategy to balance growth