IHS Towers enters new five-year partnership with Airtel in Nigeria

Daba Finance/IHS Towers enters new five-year partnership with Airtel

AFRICAN BUSINESS AND ECONOMYFebruary 11, 2024 at 10:26 AM UTC

TLDR

IHS Towers renews contract with Airtel Nigeria, committing to acquiring 3,950 tenancies over the next five years.
Airtel extends the term of its existing tenancies, covering 6,000 tenancies, until December 2031.
Collaboration between IHS Nigeria and Airtel includes provisions for 5G amendments and green initiatives to reduce carbon emissions.

Telecommunications tower company IHS Towers has announced the renewal of its contract with Airtel Nigeria. Under the renewed terms, Airtel has committed to acquiring 3,950 tenancies over the next five years, with the majority expected in 2024/2025.

In addition, Airtel will extend the term of its existing tenancies, covering 6,000 tenancies, until December 2031. The agreement includes 2,500 colocations, along with provisions for 5G amendments and the construction of build-to-suit sites to be owned and operated by IHS Nigeria.

Both parties have also agreed to collaborate on initiatives aimed at reducing carbon emissions and implementing new green practices across the collective sites.

Key Takeaways

Following this deal, IHS Nigeria has recently completed the deployment of over 10,000km of fiber optic cables across Nigeria through its subsidiary, Global Independent Connect Limited (GICL). This initiative is part of IHS Towers' Fibre-to-the-Tower (FTTT) strategy, aimed at enabling the introduction of 5G technology in the country and supporting the National Broadband Plan. IHS Towers boasts nearly 40,000 towers across various countries, including Brazil, Cameroon, Colombia, Côte d'Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa, and Zambia.

IHS Towers

Airtel Africa

Telecommunications

Digital Infrastructure

Mobile Network