ICT Nigeria: IHS invests $8m in African networks
16 April 2012
Networking - 16 April 2012
African telecommunications infrastructure company IHS has invested $8 million (about R63 million) to upgrade to its Network Operations Centre (NOC) in Lagos, Nigeria.
The Nigeria Stock Exchange-listed company builds and rents out phone towers to mobile operators. It says the upgrade will allow IHS to offer hi-tech infrastructure management and professional services and site monitoring systems, initially to operators in Nigeria, Cameroon and Niger, and later to other neighbouring countries in West Africa.
According to IHS CEO Issam Darwish, 25% of the investment money (about R15.8 million) went towards the upgrade of the NOC itself, while the remaining R47 million will be used for on site monitoring systems.