IHS Holding Limited, one of the largest independent owners and operators of shared communications infrastructure, has reported its financial results for the first quarter of 2025. The company's revenue experienced a decline in certain segments, with the Latam region seeing a 0.5% decrease year-on-year to $47.5 million. This decrease was primarily influenced by adverse foreign exchange rate movements, amounting to $8.6 million, or 18.1%. Despite this, the Latam segment achieved organic revenue growth of 18.1%, driven by a $3.6 million one-off increase in revenues from Oi S.A. following their judicial recovery proceedings. In the MENA region, the revenue and segment Adjusted EBITDA decreased by $10.9 million and $6.1 million, respectively, due to the disposal of the company's 70% interest in IHS Kuwait Limited in December 2024. The company reported a year-on-year net decrease of 1,066 towers, attributed mainly to the divestiture of 1,678 towers in Kuwait and 64 in Peru, offset by the addition of 800 new sites. The company reiterated its full-year 2025 outlook, maintaining confidence in its strategic direction.
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