Overview: Today, we’re going to explore IHS Towers - the African telecommunications infrastructure company. We’ll discuss the story across the following areas:  Telecom tower infrastructure context  IHS Towers' early history Product & monetization strategy Competitive positioning & potential exit options Overall outlook This episode was recorded on May 5, 2024 Companies discussed: IHS Towers, MTN, Airtel, Telkom, Orange, Etisalat / 9 Mobile, American Tower Company, Globacom, Libancell, Helios Towers Nigeria, Telkom, Vodacom, Goldman Sachs, (IFC), Public Investment Corporation of South Africa, Ecobank, Investec, Standard Bank. Business concepts discussed: Tower Infrastructure, Shared communication infrastructure, Tower Leasing and Ownership Models, Market Expansion, Sale and Leaseback, Local vs Global Strategy, Capital-intensive business models, Currency devaluation Conversation highlights: (01:50) - What IHS does and why we’re talking about it (04:37) - How Towers work (12:47) - How Telcos work with Towers in Nigeria and parts of Africa (23:22) - IHS Founding and Early History (34:19) - Funding (39:32) - Growth and International Expansion (47:26) - IHS IPO and trends post IPO (55:50) - Product Strategy & Monetization (1:08:30) - Competition (1:16:22) - Bankole’s overall thoughts and outlook (1:24:06) - Olumide’s overall thoughts and outlook (1:30:24) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at [email protected]. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at [email protected] Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website, Read: Substack Newsletter & Buy: Print, eBook or Audiobook) Recommendation: Incredible Dance routine video to Sisa Song by King Promise: I love it so much I'm not sure how to put it into words. 1 minute of greatness Recommendation: Chris Brown “Sensational” live performance : Watching Chris Brown dance is watching a master of his craft. Recommendation: J. Cole - Let Nas Down Recommendation: Nas - Make Nas Proud Recommendation: Nas & Eminem - EPMD 2 Recommendation: Nas - Rare Small win: Went back to reading older books to reset my reading palate Bankole’s recommendations & small wins: Recommendation: The Search for the Perfect Door - YouTube && Unusual Electric Car Features in Nigeria - Bloomberg Small win: Running sprints  Other content: Palito FM Autoscan Radio Listeners: We’d love to hear from you. Email [email protected] with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at [email protected] Investors: It would be great to link up with you. Contact us at [email protected] Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com