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Stock impact report

IHS Holding (IHS) Boosts Nigeria's Broadband Connectivity [Yahoo! Finance]

IHS Holding Limited (IHS) 
US:NYSE Investor Relations: investor.ihsmarkit.com
Company Research Source: Yahoo! Finance
The completion of more than 10,000 kilometers of fiber optic cables across the country is a major stride toward achieving the federal government's National Broadband Plan, aiming for 70% broadband penetration by 2025. By leveraging its subsidiary, Global Independent Connect Limited (“GICL”), IHS Nigeria is spearheading the Fiber-to-the-Tower initiative. This deployment not only enhances transmission capacity but also facilitates the integration of next-gen technologies like 5G. The connectivity of towers enables the extension of fiber infrastructure into key metropolitan areas, facilitating the delivery of digital services to residences, businesses and public entities in collaboration with its clients. In addition to the fiber optic network, IHS Nigeria's rural telephony program has expanded mobile network coverage to 580 previously underserved rural communities. This not only meets Mobile Network Operators' rollout targets but also aligns with the federal government's digital inc Show less Read more
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