IHS Towers
Owns and leases multi-tenant telecom towers
Cloud Application Engineer
About the job
- Bachelor’s degree in Computer Science, Software Engineering, Information Technology, or a related field.
- Minimum 3–5 years of software development experience in a professional environment.
- Proven hands-on experience with React and .NET Core API development.
- Demonstrated experience building and deploying solutions on Microsoft Azure.
- Experience working with SQL Azure and Azure Cosmos DB in production systems.
- Experience with RESTful API design, system integration patterns, and enterprise application development.
- Deep knowledge of React component architecture, hooks, and state management using Redux or Context API.
- Strong knowledge of .NET Core, C#, and RESTful API design principles, including OAuth 2.0 and Azure AD/Entra ID authentication.
- Knowledge of Azure PaaS services, including App Services, Azure Functions, Service Bus, API Management, Key Vault, and Azure Monitor.
- Understanding of database design, query optimization, and data modeling in SQL Azure and Cosmos DB.
- Familiarity with microservices architecture, event-driven design, and enterprise integration patterns.
- Proficiency in React, TypeScript/JavaScript, HTML5, and CSS3.
- Proficiency in C# and .NET Core, including Entity Framework Core and middleware patterns.
- Skill with the Azure portal, Azure DevOps, and infrastructure-as-code tooling such as Bicep and ARM templates.
- Experience with agentic coding tools such as GitHub Copilot, Codex, Claude Code, or Cursor for AI-assisted software development.
- Ability to write clean, maintainable, testable code and conduct meaningful code reviews.
- Strong debugging, root-cause analysis, and performance-tuning skills.
- Ability to work effectively in cross-functional, agile delivery teams and take end-to-end ownership of features.
- Ability to manage multiple concurrent tasks and deliver within sprint timelines.
- Ability to articulate technical decisions clearly to non-technical stakeholders.
- Ability to adapt to evolving requirements, new Azure services, and emerging technologies.
- Design, develop, and maintain web applications using React for the frontend and .NET Core APIs for the backend.
- Build and maintain data models, schemas, and stored procedures in SQL Azure.
- Design and manage collections in Azure Cosmos DB.
- Design and implement integrations between internal systems and third-party platforms using REST APIs, Azure Service Bus, and Azure API Management.
- Deploy, configure, and manage application infrastructure on Microsoft Azure, including App Services, Azure Functions, and Azure Container Apps.
- Contribute to architecture reviews and technical design decisions.
- Participate in sprint planning and agile ceremonies.
- Monitor application performance, investigate and resolve production issues, and implement preventive improvements.
- Maintain and contribute to continuous integration and continuous delivery pipelines using Azure DevOps.
- Apply DevOps and infrastructure-as-code best practices.
- Apply security best practices across application layers, including authentication, authorization, and data protection.
- Collaborate with product, design, operations, and vendor teams to deliver solutions.
- Microsoft Azure certification, such as AZ-204 Developer Associate or AZ-900, is preferred.
About the company
IHS Towers owns, operates, and develops shared telecommunications towers in emerging markets across Africa, Latin America, and the Middle East. By leasing tower space to multiple tenants, including mobile network operators and government agencies, it provides essential mobile coverage through a multi-tenant infrastructure model that generates recurring revenue from long-term lease agreements. Unlike platforms that rely on single-tenant setups, IHS Towers maximizes tower utilization by serving multiple clients per site, strengthening cash flows and reducing capital needs for operators. The company differentiates itself through its focus on fast-growing, underserved regions, scale across multiple countries, and a commitment to sustainability and community impact by improving connectivity. Its goal is to expand reliable communications infrastructure to support economic growth and connect more people, while delivering stable, predictable returns for its owners and investors.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
2001
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Simplify's Take
What believers are saying
- H1 2026 revenue rose 8.2% to $844 million, despite asset sales and site exits.
- Q2 2026 liquidity reached $1.5 billion, while borrowings fell to $3.11 billion.
- MTN’s August 2026 conditional approval advances a full-cash exit at $8.50 per share.
What critics are saying
- Q2 2026 power generation costs rose $38.7 million, crushing operating margins.
- Nigeria lost 2,491 tenants in Q1 2026, including 1,050 MTN sites vacated.
- MTN’s $6.2 billion acquisition ends independence in 2026 and delists IHS from public markets.
What makes IHS Towers unique
- IHS operated 37,672 towers on June 30, 2026, across Africa and the Middle East.
- Its shared-tower model leases one site to multiple tenants, generating recurring long-term revenue.
- Nigeria’s regulator cleared MTN’s takeover on August 24, 2026, underscoring IHS’s strategic infrastructure value.
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Growth & Insights and Company News
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↑ 1%IHS Towers revenue rises 8.2% as power costs hit profit. AFRICAN STOCKS AND FINANCE August 12, 2026 at 3:24 AM UTC Tldr. * IHS Towers reported an 8.2% revenue increase to $844 million in the first half of the year, driven by a stronger naira and higher sales. * Operating income declined by 38.4% in the second quarter, with a net loss of $7.5 million compared to a $32.3 million profit the previous year. * IHS Towers achieved a 2.6% rise in adjusted EBITDA to $514 million, despite facing challenges related to rising energy costs, expenses linked to MTN Group's acquisition, and organic revenue declining by 0.6%. IHS Towers increased first-half revenue as a stronger naira and higher sales supported results, but rising energy costs and expenses tied to its proposed sale to MTN Group weighed on profit. Revenue from continuing operations rose 8.2% to $844 million in the 6 months through June from $780.3 million a year earlier. Second-quarter revenue gained 10.4% to $428.6 million. Power costs were the main pressure. IHS spent $205.4 million on power generation, mainly diesel, in the first half, up 24% from $165.4 million a year earlier. Diesel prices rose across Nigeria following increases in global energy prices. Operating income fell 38.4%, while the company reported a $7.5 million net loss in the second quarter compared with a $32.3 million profit a year earlier. Costs linked to MTN's planned acquisition also affected earnings. IHS recorded $83.1 million in accelerated share-based payments and employee incentives related to the transaction and asset sales. Adjusted EBITDA still rose 2.6% to $514 million in the first half. A stronger naira added $40.7 million to second-quarter revenue and $22.6 million to adjusted EBITDA. Underlying growth was weaker. Organic revenue declined 0.6% in the first half as new tenants, sites and lease changes were offset by lower foreign-exchange-linked revenue and site exits. About 1,050 sites were vacated under IHS's renewed agreement with MTN Nigeria. IHS operated 37,672 towers at the end of June, down 1,512 from a year earlier, with the sale of its Rwanda business accounting for most of the reduction. IHS is also exiting Latin America ahead of MTN's $8.50-a-share takeover. Shareholders approved the deal in August, with regulatory clearances still pending. IHS sold its stake in Brazilian fiber company I-Systems for $183 million and completed the sale of its Brazil and Colombia tower operations. It ended June with $1.5 billion of liquidity and $3.11 billion of borrowings. Key takeaways. IHS's results show why the MTN transaction comes at a point of change for the tower company. Revenue is growing, but part of that increase came from the stronger naira rather than more activity at its sites. Organic revenue fell 0.6%, while power generation costs rose by $40 million in 6 months. That matters because tower companies earn long-term lease income but must keep sites running regardless of diesel and electricity prices. Higher energy costs can therefore reduce the benefit of revenue growth. IHS is responding by narrowing its footprint, selling Latin American and other assets and focusing on Africa, where MTN is already its largest customer. The takeover would bring a major tower supplier and tenant under the same group, giving MTN more control over infrastructure costs but ending IHS's run as an independent listed company. IHS's $1.5 billion liquidity position provides room to meet obligations, though $3.11 billion of borrowings remains on the balance sheet. The next issue is regulatory approval for the MTN deal. Until it closes, investors should watch underlying revenue, energy expenses and cash generation rather than headline sales growth. Those figures show whether the core African tower portfolio is improving before ownership changes. Think someone else should see this? Next frontier. Pulse54. UDeep-dives into what's old and new in Africa's investment landscape. Delivered twice monthly. Events. Sign up to stay informed about its regular webinars, product launches, and exhibitions.
JSE-listed MTN Group has received shareholder approval to acquire the remaining shares in tower company IHS that it does not already own. MTN announced in February its plans to increase its 24.7% stake in IHS to 100%. During an extraordinary general meeting on Tuesday, IHS shareholders approved the transaction through a special resolution with the required two-thirds majority. This fulfils one of the conditions precedent to the deal. MTN Group president and CEO Ralph Mupita said the approval is an important step towards completion. He noted that towers are a critical value-creation driver within the company's Ambition 2030 three-platform strategy. The transaction still requires necessary regulatory approvals, which are currently ongoing.
Nigeria's telecoms regulator, the Nigerian Communications Commission, has introduced a new compliance requirement mandating prior approval for significant ownership changes in licensed communications companies. Any transaction involving 10% or more of a company's shares now requires a Letter of No Objection from the NCC before registration with the Corporate Affairs Commission. The rule follows recent major deals in Nigeria's telecom sector, including MTN Group's $2.2 billion acquisition of IHS Towers announced in February, which would give MTN control of nearly 29,000 telecom towers across Africa. The requirement aligns Nigeria with regulatory practices in other African markets like Kenya and South Africa, where large mergers and ownership changes typically require regulatory approval to protect competition and infrastructure oversight.
MTN Group, a South African telecommunications company, is pursuing a $6.2 billion acquisition of tower operator IHS Holding, with the IHS board backing the take-private offer. The transaction awaits shareholder approval and regulatory clearance. The Johannesburg-listed company serves over 257 million customers across 21 African and Middle Eastern markets, with approximately 100 million active data users. MTN's Nigerian subsidiary contributed NGN 878.7 billion in taxes and fees to the Nigerian government in 2025, underscoring its economic significance. The deal would strengthen MTN's control over critical mobile infrastructure and enable additional revenue through tower leasing. MTN shares traded at ZAR 92.12 on 27 May 2026 on the Johannesburg Stock Exchange. The company continues expanding its networks and digital services across key markets.
IHS Towers has secured a N100 billion credit facility with an option to increase it to N200 billion, maturing in 2029. The facility remained undrawn as of May 2026. The tower company lost 2,491 tenants in Nigeria during the first quarter of 2026, reflecting ongoing renegotiations by telecom operators reducing infrastructure costs. Major contributors included T2 (formerly 9mobile) under a settlement arrangement and 1,050 sites vacated by MTN Nigeria. Despite tenant losses, Nigeria contributed $285 million in revenue, up 5% year-on-year, with segment EBITDA rising 2% to $182.6 million. Group-wide, profit after tax jumped to $77 million from $30.7 million previously, whilst adjusted EBITDA increased 6.4% to $268.7 million. IHS is currently being acquired by MTN Group for $6.2 billion.