The
World Bank’s private sector arm has lent $200 million to Nigerian phone tower
company IHS to help to fund its purchase of about 2,100 tower sites from the
country’s No.4 mobile operator Etisalat Nigeria.
Privately-owned
IHS raised $2 billion in equity and $600 million in debt in November and the
money from the World Bank’s International Finance Corporation (IFC) is part of
this.
Construction
and maintenance of mobile communications towers in Africa is
