IHS (IHS)
Leases shared telecom-tower infrastructure to mobile-network operators across emerging markets.
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Leases shared telecom-tower space and provides managed infrastructure services to mobile-network operators. Continuing operations center on Nigeria and Sub-Saharan Africa after asset sales reshaped the portfolio.
Owns and shares telecommunications towers with mobile-network operators, providing colocation and managed infrastructure services rather than consumer mobile service. The operating model grew from Nigerian tower construction into owned portfolios that can host multiple operators. Hybrid-power investments also support the infrastructure-sharing model.
Continuing operations center on Nigeria and Sub-Saharan Africa after disposals and planned sales reshaped the portfolio. Nigeria is the largest market, and the business depends on mobile-network-operator tenancy as well as local economic, currency, and regulatory conditions. A pending MTN Group acquisition remains subject to shareholder and regulatory approvals.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 18, 2026 | Williams Trading | Target | Target: $17 | Target: $8.50 |
| Feb 18, 2026 | TD Cowen | Downgrade | ||
| Nov 14, 2025 | JP Morgan | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.07B · Total debt $3.49B · Total assets $4.36B · Shareholders' equity −$181.7M
- Revenue
- $428.6M
- Operating income
- $82.8M
- Net income
- −$8.8M
No dividends on record.
| Institutions | 47.90% | 160.71M ADS | |
|---|---|---|---|
| 125 holders · as of Jun 30, 2026 | |||
| Insiders | 6.16% | 20.68M ADS | |
| 13 holders · as of Apr 8, 2026 | |||
| Strategic holders | 5.71% | 19.16M ADS | |
| 1 holder · as of Feb 17, 2026 | |||
| Other | 40.23% | 134.97M ADS | |
| remainder | |||
335.52M ADS as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Wendel SEInstitution | 18.77% | 62.98M ADS | as of Jun 30, 2026 |
Manager LPInstitution | 13.56% | 45.51M | filed Feb 15, 2022 |
Korea Investment CorpInstitution | 6.46% | 21.67M ADS | as of Jun 30, 2026 |
International Finance CorporationStrategic | 5.71% | 19.16M | filed Feb 17, 2026 |
UBS Group AGInstitution | 5.57% | 18.69M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 7, 2026 | Sam Darwish | director, officer: Chairman and CEO | −124,275 | $8.24 |
| Apr 7, 2026 | Mohamad Darwish | officer: EVP, IHS Nigeria CEO | −27,972 | $8.24 |
| Apr 7, 2026 | Stephen J. Howden | officer: EVP, Chief Financial Officer | −49,212 | $8.25 |
| Mar 18, 2026 | Mohamad Darwish | officer: EVP, IHS Nigeria CEO | −16,153 | $8.18 |
| Mar 18, 2026 | Stephen J. Howden | officer: EVP, Chief Financial Officer | −39,612 | $8.17 |
- American Tower
Shared telecom towers across Nigeria and South Africa
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IHS | $8.43 | −0.12% | $2.84B | 21.1 | 8.0 | 1.8 | +8.7% |
| American Tower | $173.81 | −0.82% | $81.66B | 24.1 | 25.7 | 7.5 | +4.7% |
| Median | 24.1 | 25.7 | 7.5 | +4.7% |