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Sam Darwish built IHS Towers from a Nigerian start-up into the world's third-largest independent tower operator. MTN's takeover at $8.50 a share would convert his 13.5 million shares into about $115 million in cash.
MTN is hunting Nigerian buyers for 30% of IHS Nigeria, a sale that could raise $900m to $1.1bn. The sell-down is the price Nigeria's competition regulator set for clearing MTN's takeover of the continent's biggest tower operator.
Sam Darwish's IHS Towers swung to a $126.8 million profit in 2025, reversing a $1.64 billion loss, as MTN's $6.2 billion takeover moves toward completion.
IHS Towers CEO Sam Darwish has signed a deal to exit Brazil fibre market, selling a majority stake in I Systems for $452.6 million.
IHS Towers, led by Sam Darwish, has sold its Rwandan operations to Paradigm Tower Ventures for $274.5 million, refining its African focus.
Sam Darwish, founder of IHS Towers, has seen his stake fall to $86 million after a sharp slide in the company’s shares on the New York Stock Exchange.
IHS Towers co-founder Sam Darwish sees his holdings rise above $93 million as the company’s market cap nears $2.4 billion.
This is linked to an increase in IHS Holding’s share price on the New York Stock Exchange (NYSE), driven by renewed investor confidence.
The decline in revenue—driven largely by the devaluation of the Nigerian naira—underscores the financial challenges facing the company despite strong operational growth.
IHS led by Sam Darwish plans to boost digital inclusion, economic development through expanded connectivity.
According to data tracked by Billionaire.Africa, the market value of Darwish’s stake in IHS Holding has plunged by $4.33 million over the past 24 days.
Under the groundbreaking move, Airtel Nigeria has committed to securing 3,950 tenancies over the next five years.
IHS will now own 70 percent of its South African towers business.
Darwish founded IHS Holdings, a Nigerian telecom infrastructure firm, in 2001.
His Lagos-based telecom company reported a profit of $16.9 million in the first quarter of 2022.
IHS Towers is a Nigeria-based telecom infrastructure firm.