NYSE:IHSTelecom
IHS Holding Sells I‑Systems Stake And Refocuses On Core Tower Assets
IHS Holding (NYSE:IHS) has completed the divestment of its 51% stake in Brazilian fiber infrastructure venture I-Systems.
The stake has been sold to TIM S.A., marking IHS Holding's exit from this Brazilian optical fiber joint venture.
IHS Holding, trading at $8.23, has seen its stock return 12.0% year to date and 44.1% over the past year, while its 3 year return stands at 9.2%. This completed I-Systems divestment gives investors a fresh development to consider alongside those share price...