Proshare - Facebook Proshare - Twitter Proshare - Google+ Proshare - Linked In Proshare - RSS Feed

IHS to be listed on the NSE next week


By Efem Nkanga


The Nigerian capital market is set to welcome a new member to her fold as the Nigerian Stock Exchange (NSE) lists the 4, 400,000,000 ordinary shares of Nigeria’s telecoms infrastructure provider, IHS Nigeria Plc, on its floor next week. The shares will be listed at N5 per share on Tuesday.


The Managing Director of the company, Mr William Saad, in a chat with THISDAY said “IHS’s strong belief in the Nigerian economy and the ability of the management of the NSE, in managing the exchange affairs, to be able cushion and quickly turn around the returns on investment to positive ratios, necessitated the decisions of the board and management of IHS to list on the floor at this crucial period”.


The listing follows the successful private placement by the company last year, and the company has promised investors and Nigerians that they would benefit from the shares.


Saad reiterated that the company, which was one of the first to be awarded a Collocation and Infrastructure Sharing licence by the Nigerian Communications Commission (NCC) , has made its mark in the provision of infrastructure by building more than 1,400 full turnkey sites.


The company also currently manages more than 1,000 sites for the various operators in the country and has begun the construction of 500 collocation sites. The first batch of 53 sites was completed last November.


Saad emphasised that the company, which conducts activities in the various states of the federation with a workforce of more than 300 employees and over 100 sub-contractors, only recently concluded a very successful private placement.


IHS commenced operations in 2001 by providing turnkey solutions for telecommunications operators and vendors who seek to build telecommunications infrastructure for fixed and wireless telecommunications services.


The company is involved in three main aspects of business: telecommunications infrastructure collocation and sharing, infrastructure built and post-construction management (operation and maintenance).


Under the telecommunications infrastructure build, IHS handles all sides of network construction starting from site acquisition and design, equipment supply, all sorts of construction and installation, to finish with integration and testing.


Under telecommunications infrastructure management, a normal continuation of network build is network operations and maintenance where IHS ensures network availability by eliminating failures through adopting preventive and corrective maintenance.


And in infrastructure lease and collocation, IHS builds its own sites, and makes them available for all telecom operators, internet service providers, banks and companies, etc for their networks use.


This method saves these operators huge amount of CAPEX and allows them to focus on quality issues and network coverage.


Due to its belief that the Nigerian Power sector is the next booming sector of the economy, IHS already started doing some business for PHCN.


The Board of Directors of IHS is made up of Mallam Bashir el-Rufai; Chairman, Mr. William Saad, Managing Director; Gbenga Onakomaiya, Director (Chief Commercial Officer); Mr. Issam Darwish, Director; Mr. Moustapha Aminu, Director; and Jimoh Umoru, General Manager/Company Secretary. - Thisday


Related News