IHS Holding Ltd (NYSE: IHS)

IHS Holding Ltd operates as a leading provider of passive telecommunications infrastructure, primarily in emerging markets across Africa and Latin America. The company specializes in the ownership, management, and leasing of telecommunications towers, offering essential infrastructure to mobile network operators and other telecommunications service providers. IHS Holding Ltd plays a critical role in enabling connectivity by providing the physical structures necessary for wireless communication, thereby supporting the expansion and reliability of mobile networks in regions with growing demand for digital services.

The company generates revenue through leasing space on its telecommunications towers to mobile network operators and other telecommunications service providers. Its primary products include tower leasing services, which involve renting out space on towers for the installation of antennas and other equipment. The company also offers additional services such as power management, site acquisition, and construction of new towers. IHS Holding Ltd serves a diverse customer base, including major mobile network operators and telecommunications companies operating in the regions where it has a presence.

• Africa Segment: IHS Holding Ltd operates a significant number of towers in Africa, making it a market leader in the region by tower count as of December 31, 2025. The company's operations in Africa include the ownership and management of telecommunications towers in countries such as Nigeria, South Africa, Cameroon, and Cote d'Ivoire. The Africa segment caters to major mobile network operators and telecommunications service providers in these countries, offering essential infrastructure for wireless communication.

• Latin America Segment: In Latin America, IHS Holding Ltd has a presence in Brazil and Colombia, where it provides telecommunications infrastructure services. The company's operations in this region include the ownership and management of towers, as well as the construction of new sites to support the growing demand for connectivity. The Latin America segment serves mobile network operators and telecommunications companies operating in these markets.

IHS Holding Ltd holds a strong position within the telecommunications infrastructure industry, particularly in emerging markets. The company faces competition from other independent tower companies such as ATC, Helios Towers Plc, and SBA, as well as from telecommunications operators who manage their own towers. IHS Holding Ltd's competitive advantages include its extensive tower portfolio, expertise in power management, and relationships with major telecommunications operators. The company's ability to access efficient capital and offer additional services further strengthens its position in the market.

The company's customer base includes major mobile network operators and telecommunications service providers operating in Africa and Latin America. These customers rely on IHS Holding Ltd's infrastructure to support their wireless communication services, enabling them to provide connectivity to end-users in these regions.