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IHS Holding Limited reports developments as an independent owner, operator and developer of shared communications infrastructure focused on emerging markets. The company, known as IHS Towers, serves mobile network operators and operates across markets including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, South Africa and Zambia.
Recurring company news covers operating and financial results, Form 20-F annual reporting, tower and colocation activity, fiber and other infrastructure revenue, leverage and cash flow commentary, governance updates and portfolio actions. Recent completed portfolio developments include the sale of the company’s stake in I-Systems, a Brazilian shared optical fiber network provider, and other market-level divestitures tied to its infrastructure footprint.
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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.