IHS Towers reduces capex by 49.4%

IHS Holding Limited, a leading independent telecom tower operator, has reduced its capital expenditure in Nigeria by 49.4 per cent year-on-year in the fourth quarter of 2024, citing the near completion of Project Green and a broader focus on cash generation.

The company disclosed the cut in its financial report obtained on Saturday, noting that total capex for Q4 2024 stood at $82.6m, a 36.8 per cent decline from the same period in 2023. The…