Africa Powers IHS Towers’ Q2 Boom as 4G, 5G Push Fuels 18% Revenue Surge

Sub-Saharan Africa has emerged as the growth engine for IHS Towers, propelling the telecom infrastructure giant to a robust second-quarter performance in 2025. The company’s latest earnings report shows regional revenue climbing 18.1% year-on-year to $127.8 million, driven by a 16.1% surge in organic growth.

Industry analysts say the results highlight Africa’s central role in shaping IHS’s global footprint. “The demand for mobile broadband in Africa is no longer just about catching up—it’s about leapfrogging into a fully digital economy,” noted telecoms analyst Tunde Adeyemi. “IHS is strategically positioned to capture this momentum.”

The growth was fuelled by a flurry of new colocation agreements, renegotiated lease terms, and the rollout of additional tower sites. Revenue was further boosted by power indexation and foreign exchange resets, a crucial buffer against currency turbulence in key markets like Nigeria.

With over 644 million people in Sub-Saharan Africa and a rapid shift towards 4G and 5G connectivity, IHS’s largest regional segment is thriving on the continent’s digital inclusion drive. “Connectivity is now an economic necessity, not a luxury,” said Sarah Mensah, a Lagos-based ICT consultant. “Every new tower, every improved lease deal is a step closer to bridging Africa’s digital gap.”

The Q2 earnings reaffirm IHS’s resilience amid economic headwinds, underscoring how Africa’s telecom boom continues to outpace other emerging markets. As Adeyemi put it, “This is Africa’s moment in the telecom story, and IHS is writing some of its most important chapters.”