IHS Holding: Deal Or No Deal, This African Tower Giant Is Mispriced At 5.5x EBITDA
IHS Holding Limited is currently facing a $6.2 billion acquisition bid from MTN Group. The company reported a significant increase in profits for Q1 2026, but it also faces risks due to its revenue concentration in Nigeria. Analysts have rated IHS as a Hold with a price target of $11.50 over the next 18 to 24 months.
- ▪IHS Holding Limited is subject to a $6.2 billion acquisition offer from MTN Group at $8.50 per share.
- ▪IHS posted a 151% year-over-year jump in Q1 2026 profit after tax.
- ▪72% of IHS revenue is secured in long-term contracts, but 70% of revenue is concentrated in Nigeria.
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