Emerging-Market LeadershipThe Buy rating is reiterated for IHS, and the target price is increased due to its emerging-market leadership position strengthening through strategic growth, key partnerships, and rising capital returns.
Long-Term Growth DriversLong-term growth drivers for IHS include continued investment in tower infrastructure, strategic partnerships, and organic market expansion, leading to improvements in business performance and shareholder value.
Operational PerformanceStrong operational performance, resilient cash generation, and strategic progress on growth initiatives were highlighted in IHS Holdings' Q3 2025 results, overcoming currency headwinds.