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IHS Nigeria Plc Raises $1bn for Investment

Chief Executive Darwish says company plans to double its assets.

IHS wants to increase the number of its telecommunications towers to 20k by 2016. It currently runs 8.5k towers across Nigeria, Cameroon and the Ivory Coast. Nigeria has 109m mobile phone subscribers and IHS is betting on the market to continue to develop. Chief Executive Officer Issam Darwis IHS are currently assessing how to best use this money. Bloomberg news quotes him as saying…

We have funding available for various opportunities that we are currently analyzing

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