‘IHS seeks funds to expand’

Nigerian telecoms company IHS is tapping investment groups to raise $200 million as it seeks to double the size of its operations in western Africa in the next year, the Financial Times reported on Monday. The newspaper said IHS, which constructs phone towers and rents them out to mobile operators, had appointed Citibank to raise the extra equity it needs to grow beyond Nigeria.
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Added November 28, 2011
from Businessday Nigeria