American tower firm HS Holding Ltd has completed the sale of its Rwandan operations to Paradigm Tower Ventures in a deal estimated at $274.5 million, marking its exit from the East African market after more than a decade.
The firm, which is listed on the New York Stock Exchange (NYSE) and operates as IHS Towers, views the sale of its Rwandan business as significant in enhancing shareholder value after years of successful commercial operations in East Africa.
