Nigeria: IHS Towers signs new deal with Airtel Nigeria

Tower company IHS Towers has announced that Airtel Nigeria has signed a deal to renew its contract in the country and has committed to take 3,950 tenancies over the next five years, with the majority expected over 2024/2025. Following the terms of the renewed agreement, Airtel is to extend the term of its existing tenancies covering around 6,000 tenancies until December 2031.

"The expansion and renewal of our relationship with Airtel Nigeria is a testament to our continued commitment to serving our customers and the connectivity demands of Africa," said Sam Darwish, chairman and CEO, IHS Towers.

"Airtel Nigeria, as well as Airtel Africa who we serve in other markets in Africa, has been a long-term partner of IHS, and I am delighted that we continue to strengthen our collaboration to help facilitate mobile connectivity in our largest market, supporting our customers in rolling out new sites throughout Nigeria.”