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Issam Darwish, IHS Vice Chairman and CEO

IHS Holding Ltd, one Africa’s largest independent telecommunications infrastructure company, has secured a further US$130 million in the second tranche of its latest fundraising.

The capital raise is in addition to the US$490 million of debt and equity announced 3 March 2014 and is with existing investors.

IHS will use the funds to accelerate its plans for expansion into new and existing markets.

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