Blackwells Eyes Possible IHS Battle Amid Review
IHS Tower Settles Dispute with Second-Largest Shareholder
On Tuesday, Nigeria-based cell tower operator IHS Holding Ltd and its second-largest shareholder, Wendel, announced that they have agreed on corporate governance issues. This includes a reduction in the ownership threshold, allowing investors to nominate directors. IHS is currently involved in a shareholder dispute with MTN Group, its largest shareholder holding a 26% stake, alongside…
Read MoreMTN Affiliate IHS Settles ShareholderGovernance Dispute
Africa-focused cellular tower operator IHS Holding and its second largest shareholder, Wendel, said on Tuesday that they have reached an agreement on corporate governance matters, including lowering the ownership threshold for investors to nominate directors. IHS is embroiled in a shareholder dispute with mobile operator MTN Group, its largest shareholder with a 26% stake, along with…
Read MoreAfrica-Focused IHS Settles with Second-Largest Shareholder Wendel
JOHANNESBURG, Jan 16 (Reuters) – Africa-focused cell tower operator IHS Holding Ltd and its second largest shareholder Wendel said on Tuesday they have reached an agreement on corporate governance matters, including lowering the ownership threshold for investors to nominate directors. IHS is embroiled in a shareholder dispute with mobile operator MTN Group (MTNJ.J), opens new tab,…
Read MoreIHS Tower Offers MTN Nigeria Improved Terms to Counter Deal with American Tower
IHS Holding has proposed improved commercial terms to MTN Nigeria for leasing back 2,500 towers previously lost to American Tower Corporation (ATC). The aim according to the company is to avert any network disruptions in Africa’s most populous country. The Chairman and CEO of IHS Towers Sam Darwish, said the towers represent a minor portion…
Read MoreIHS Seeks to Scupper Rival’s Deal on MTN Nigeria Towers
JOHANNESBURG, Dec 7 (Reuters) – IHS Holding has offered improved commercial terms to MTN Nigeria (MTNN.LG), opens new tab for the lease of 2,500 towers it lost to American Tower Corporation (ATC) (AMT.N), opens new tab, saying the move would prevent network disruption in Africa’s most populous country. MTN Nigeria, owned by South Africa’s MTN Group (MTNJ.J), opens new…
Read MoreBlackwells Eyes IHS Legal Action in Governance Battle
Key IHS Holdings Shareholder Blackwells Capital Demands CEO Steps Down
Blackwells Capital LLC, a long-term shareholder in African telecoms company IHS Holdings, has demanded the immediate replacement of IHS chairman and CEO Sam Darwish. In a statement, the investment firm also called for a reconstitution of the company’s board of directors, following the company’s recent poor performance. It follows last week’s announcement that IHS Towers…
Read MoreBlackwells Capital Reiterates the Need for Immediate Leadership Changes at IHS Holding Limited
NEW YORK–(BUSINESS WIRE)–Blackwells Capital LLC (together with its affiliates, “Blackwells”), a long-term shareholder of IHS Holding Limited (NYSE: IHS) (“IHS” or the “Company”), today issued a statement regarding the urgent need for leadership changes at IHS, including a reconstitution of the Company’s Board of Directors (the “Board”) and the replacement of the CEO and Chair…
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