Etisalat Nigeria hands over additional towers to IHS

IHS Holding this week confirmed that it has signed and completed the second tranche of the Etisalat Nigeria transaction announced on August 7, 2014.

In a statement the company clarified that this portion of the transaction includes the transfer of 555 towers, which are in addition to the 2,136 sites transferred a year ago.

The transaction is said to be part of the broader strategy to drive improvements in the quality of Etisalat’s network performance and to accelerate the roll out of 2G, 3G, and 4G coverage throughout Nigeria.

IHS says that following completion of this transaction, the company will manage over 15,500 towers in Nigeria and over 23,100 towers throughout Africa.

IHS has also confirmed that on the back of continued deployment of solutions and investment in energy sources, by the end of 2016, 80 per cent of all the company’s towers will be run on hybrid solar solutions.