IHS Towers has announced an agreement to sell its 1,465 tower sites in Rwanda to Paradigm Tower Ventures for an enterprise value of $274.5 million. The transaction is expected to close in the second half of 2025, subject to government and regulatory approvals.
“Our decision to sell our Rwanda operations was carefully considered within our broader portfolio strategy, highlighting the value of our Rwanda assets,” said Sam Darwish, Chairman & CEO of IHS Towers.
“Rwanda presents a high-demand market for shared wireless infrastructure. We look forward to building a customer-focused business providing high-quality, secure infrastructure to mobile operators,” said Stephen Harris, Co-founder of Paradigm Tower Ventures.
Currently, IHS Towers manages more than 39,000 towers across eight emerging markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, Rwanda, South Africa, and Zambia. Notably, in December, IHS announced the sale of its 70% stake in Kuwait-based IHS Kuwait Limited to Zain Group for approximately $230 million.
