IHS Holding Limited (IHS Towers) has agreed to sell its 70% stake in IHS Kuwait Limited, comprising 1,675 sites and 700 managed sites, to Zain Group for an enterprise value of $230 million. The deal, part of IHS Towers' strategic review to improve its balance sheet, is expected to close in the first half of 2025, subject to regulatory approval. The transaction offers a significant premium to IHS Kuwait's valuation multiple, reflecting its strategic importance. Proceeds will be used to reduce IHS Towers' debt.