MTN and Airtel drive 57% of IHS Towers’ revenue in 2024

MTN Nigeria and Airtel Nigeria accounted for 57% of IHS Towers’ revenue in 2024, highlighting its heavy reliance on a handful of key customers in its largest market. Nigeria, which contributed 58.3% of IHS Towers’ total earnings, remains the dominant revenue driver for the world’s fifth-largest multinational tower company. 

IHS Towers’ revenue fell to $1.7 billion in 2024 from $2.1…