IHS Towers Completes Sale of Rwanda Operations to Paradigm Tower Ventures

IHS Holding Limited, (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has today announced the completion of the sale of 100% of IHS Rwanda Limited (“IHS Rwanda”) including its approximately 1,467 sites¹ to Paradigm Tower Ventures through the Paradigm Infrastructure Holdings (PIH) vehicle, as part of a consortium with Convergence Partners Digital Infrastructure Fund L.P (“CPDIF”), British International Investment PLC (“BII”), and Société de Promotion et de Participation pour la Coopération Economique S.A. (“PROPARCO”).

The sale of the company’s Rwanda operations is part of IHS Towers' strategic initiatives targeted at shareholder value-creation options.

JPMorgan acted as financial advisor to IHS Towers on this transaction.

About IHS Towers: IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count and is solely focused on the emerging markets. The company has over 37,000 towers across its seven markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, South Africa and Zambia. For more information, please email: communications@ihstowers.com or visit: www.ihstowers.com

About Paradigm Tower Ventures: Stephen Harris, Hal Hess and Steven Marshall, well respected and experienced former executives of global and African tower businesses, founded Paradigm Infrastructure in 2019. They have substantial experience in the acquisition and operations of tower businesses in multiple markets. This transaction marks the first investment by Paradigm Tower Ventures, a new tower platform which is focused on the growth of new build shared wireless infrastructure in Sub–Saharan Africa.

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¹ As of June 30, 2025.

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