
U.S.-Nigerian telecom executive Sam Darwish records $7.24 million decline on IHS stake
The decline reflects ongoing investor caution and broader market volatility affecting emerging-market telecom stocks.
The decline reflects ongoing investor caution and broader market volatility affecting emerging-market telecom stocks.
IHS rebounds with $439.6 million in Q1 2025 revenue, driven by 25.6% organic growth and improved margins despite naira headwinds and prior regional divestments.
This is linked to an increase in IHS Holding’s share price on the New York Stock Exchange (NYSE), driven by renewed investor confidence.
IHS Holding, led by Sam Darwish, raised $1.6 billion to strengthen its balance sheet amid currency volatility and evolving market conditions.
IHS led by Sam Darwish plans to boost digital inclusion, economic development through expanded connectivity.
The transaction, which is expected to close in the first half of 2025 pending regulatory approvals, includes 1,675 telecom sites and 700 managed locations.
This follows a $9.63 million loss he recorded between May 7 and 16, when his holding fell from $55.13 million to $45.50 million.