Ihs Closes 230 Million Deal To Sell Kuwait Unit To Zain Group

IHS Holding, a global telecom infrastructure leader headed by U.S.-Nigerian telecom tycoon Sam Darwish, has completed the 230 million sale of its 70 percent stake in IHS Kuwait to regional telecom giant Zain Group. This deal represents a pivotal shift in IHS's strategy to optimize its global assets and strengthen its financial footing amid a volatile market.

The transaction, which includes 1,675 telecom sites and 700 managed locations, marks a strategic realignment for IHS as it refines its operations and reallocates resources to higher-growth markets. While regulatory approvals remain pending, the deal is expected to close by mid-2025.

The Kuwait divestiture is part of IHS Towers' ongoing strategic review designed to enhance shareholder value. By exiting Kuwait, IHS is not only optimizing its portfolio but also positioning itself for future growth with a sharpened focus on its core assets and financial resilience.

For Zain Group, the acquisition consolidates its dominant position in Kuwait, further solidifying its status as the countrys leading telecom operator. With the addition of 1,675 telecom sites, Zain expands its network footprint and operational efficiency, further strengthening its competitive edge in the Middle East.

Operating across eight countries with over 47 million customers, including key markets in Saudi Arabia, Iraq, and Sudan, Zain continues to diversify and expand its services, with a growing emphasis on telecom infrastructure and data offerings.