IHS Towers Completes Sale of Rwandan Operations to Paradigm Tower Ventures

IHS Towers, one of the world’s leading independent tower companies, has officially concluded the sale of its Rwandan unit, comprising approximately 1,467 telecommunications sites, to Paradigm Tower Ventures. This strategic move, first announced in May 2025, represents a significant milestone for the company’s operational restructuring efforts. The transaction, marking Paradigm Tower Ventures’ first major investment, is part of an ambitious initiative to bolster wireless infrastructure in sub-Saharan Africa, promising enhanced connectivity and technological advancement within the region.

Strategic Sale Aligns with Shareholder Value Creation

With a valuation of USD 274.5 million, the sale of IHS Rwanda Limited includes a notable transaction multiple of 8.3x adjusted EBITDA after leases, significantly exceeding the IHS Towers group’s current valuation metrics. This underscores the strategic nature of this sale and its potential to drive long-term shareholder value. According to IHS Towers, the exit from Rwanda is part of a broader initiative targeting maximized returns and reallocation of resources to high-growth markets. For Paradigm Tower Ventures, this acquisition serves as a pivotal step forward in developing shared wireless infrastructure across emerging economies in sub-Saharan Africa, a region ripe with digital growth potential.

Paradigm Tower Ventures: A Growing Force in African Infrastructure

Paradigm Tower Ventures, a subsidiary of Paradigm Infrastructure founded in 2019, is dedicated to expanding shared wireless infrastructure in emerging growth markets. With backing from renowned investors such as Convergence Partners Digital Infrastructure Fund (CPDIF), British International Investment (BII), and PROPARCO, this transaction positions Paradigm Tower Ventures as a key player in Africa’s digital transformation. The company aims to provide robust new-build solutions, addressing the increasing demand for quality network infrastructure in a dynamic and fast-evolving digital economy.

Advisory and Financial Expertise Fueled the Deal

The deal’s seamless execution was supported by JPMorgan, which acted as the financial advisor to IHS Towers. Their expertise underscores the importance of strategic financial guidance in executing high-stakes international transactions. Paradigm’s entry into the Rwandan market also signifies a broader trend of global investment firms targeting Africa’s burgeoning telecommunications sector, which is poised for sustained growth amid increasing digital inclusion efforts.

As the telecom landscape in Africa continues to evolve, the collaboration between IHS Towers and Paradigm Tower Ventures highlights a shared vision for sustainable development and enhanced connectivity. This transaction is not just a business milestone but also a stepping stone toward a more connected and inclusive future for Rwanda and the greater sub-Saharan region.