IHS Holding, the independent telecommunications infrastructure company, has secured a further US$130 million in the second tranche of its latest fundraising.
The capital raise is in addition to the US$490 million of debt and equity the group announced in March and is with existing investors.
IHS said it will use the funds to accelerate its plans for expansion into new and existing markets.
Headquartered in Nigeria, IHS provides services across the full tower value chain – managed services, deployment and site ownership. The group has operations in Nigeria, Cameroon, Côte d’Ivoire, Zambia and Rwanda. IHS manages over 10,500 towers in Africa.