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IHS Holding Limited (NYSE: IHS), also referred to as IHS Towers, regularly issues news updates covering its financial performance, operational developments and strategic initiatives across its emerging market footprint. The company describes itself as one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, with a significant focus on Nigeria and other markets in Latin America and Africa.
News releases from IHS Holding Limited frequently include quarterly financial results, such as revenue, Adjusted EBITDA and Adjusted Levered Free Cash Flow, along with commentary on organic growth, tower and tenant counts, colocation rates and lease amendments. These updates often explain how factors like foreign exchange movements, particularly in the Nigerian Naira, and changes in power indexation influence reported results.
In addition to earnings announcements, the company publishes news on strategic and operational actions. Examples in recent communications include agreements to dispose of operations in specific countries, such as the sale of IHS Rwanda Limited to Paradigm Tower Ventures, and new site agreements in Brazil that expand partnerships with mobile network operators. The company also reports on financing arrangements, such as revolving credit facilities and term credit facilities, and governance matters, including annual general meeting outcomes and board-related announcements.
Investors and observers reviewing IHS (IHS) news can expect a mix of earnings releases, transaction announcements, portfolio updates, capital structure developments and information on the operating environment in key markets. This news flow provides context on how the company manages its tower portfolio, relationships with mobile network operators and exposure to emerging market currencies.
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IHS Holding Limited (NYSE: IHS) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission on March 28, 2023. Investors can access the report on the company’s website or the SEC's site. IHS Towers is a leading independent owner and operator of shared communications infrastructure, focusing exclusively on emerging markets, with nearly 40,000 towers across 11 countries including Brazil, Nigeria, and South Africa.
IHS Holding Limited reported strong financial results for Q4 2022 and FY 2022, with Q4 revenue reaching $526.2 million, up 26.6% year-over-year, and FY revenue of $1.96 billion, a 24.2% increase. The company announced 2023 guidance anticipating revenue between $2.19-$2.22 billion and adjusted EBITDA of $1.20-$1.22 billion. Despite these gains, a significant loss of $273.6 million in Q4 and $470.4 million for the year was reported due to increased finance costs and expenses. IHS plans capital expenditures of $610-$650 million in 2023, with a focus on organic and inorganic growth strategies, including a Carbon Reduction Roadmap.
In November, Paychex reported stable job and hourly earnings growth at U.S. small businesses, with the Small Business Jobs Index declining minimally to 99.38. Hourly earnings growth remained steady at 5.04%, while three-month annualized weekly hours worked growth reached 0.77%, the highest since March 2021. The southern U.S. leads in job growth, with North Carolina noted for job growth, and Missouri for hourly earnings. However, Florida experienced declines, likely due to Hurricane Ian. The report highlights the challenges businesses face from inflation and labor market conditions.
IHS Holding Limited reported a 30.2% increase in revenue for Q3 2022, reaching $521.3 million, driven by strong demand and non-recurring revenue from a key customer. Adjusted EBITDA grew 25.0% to $274.7 million, with a margin of 52.7%. However, the company faced a $52.5 million loss, worsening from $30.4 million in Q3 2021, due to higher finance costs and operational expenses. IHS raised its guidance for full-year revenue and adjusted EBITDA, indicating robust operational performance despite macroeconomic pressures.
IHS Holding Limited (NYSE: IHS) announced a new
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