Richard's questions to IHS Holding Ltd (IHS) leadership • Q3 2024
Question
An analyst identified as Richard asked for an update on Nigerian carriers' network investment plans following the naira's stabilization and inquired about the outlook for new site versus non-new site CapEx into 2025.
Answer
CFO Steve Howden stated that major Nigerian carriers slowed CapEx in 2024 but have now stabilized and are planning for 2025 reinvestment, a trend IHS mirrored. For 2025 CapEx, he indicated a directional similarity to 2024, with a continued focus on maximizing returns from a lower spend, targeting growth in markets like Brazil, while noting the Project Green investment is now largely complete.