IHS Holding (IHS) has released an update.
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IHS Towers has solidified its position in Nigeria by renewing and extending all its tower Master Lease Agreements with MTN Nigeria until the end of 2032, covering roughly 13,500 tenancies. The updated agreements introduce a sustainable financial structure with components linked to both US and Nigerian inflation indices, as well as a new diesel cost-related component to hedge against price fluctuations. This strategic move not only reaffirms IHS Towers’ commitment to enabling mobile connectivity in Nigeria but also strengthens its long-term partnership with MTN, the country’s largest mobile network provider.
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