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IHS Nigeria, a subsidiary of IHS Holding Limited (IHS - Free Report) , has achieved a significant feat in advancing Nigeria's connectivity landscape. The completion of more than 10,000 kilometers of fiber optic cables across the country is a major stride toward achieving the federal government's National Broadband Plan, aiming for 70% broadband penetration by 2025.
By leveraging its subsidiary, Global Independent Connect Limited (“GICL”), IHS Nigeria is spearheading the Fiber-to-the-Tower initiative. This deployment not only enhances transmission capacity but also facilitates the integration of next-gen technologies like 5G. The connectivity of towers enables the extension of fiber infrastructure into key metropolitan areas, facilitating the delivery of digital services to residences, businesses and public entities in collaboration with its clients.
In addition to the fiber optic network, IHS Nigeria's rural telephony program has expanded mobile network coverage to 580 previously underserved rural communities. This not only meets Mobile Network Operators' rollout targets but also aligns with the federal government's digital inclusion agenda by providing voice and data services to remote areas.
Kazeem Oladepo, vice president of GICL, emphasized the company’s commitment to overcoming obstacles in communication services. The company’s open-access, shared infrastructure approach ensures a robust and scalable fiber network that multiple operators can utilize. Oladepo also highlighted the significance of collaboration with stakeholders, including customers and government agencies, in achieving rapid infrastructure rollout.
IHS Holding's strategic efforts align with the digital economy objectives of the federal government. The accomplishment of this milestone within three years underscores the potential for accelerated critical infrastructure development when key stakeholders unite to achieve shared objectives. As Nigeria progresses toward enhanced broadband connectivity, IHS Holding stands to benefit not only through the expansion of its infrastructure but also by playing a pivotal role in the country's digital transformation.
Based in London, the United Kingdom, IHS Holding is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count. It has more than 39,000 towers across 11 markets — Brazil, Cameroon, Colombia, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia.
The stock has lost 61.8% in the past year compared with the industry decline of 60.6%.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 19.8% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Headquartered in Wilmington, DE, InterDigital, Inc. (IDCC - Free Report) is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
This Zacks Rank #2 (Buy) stock has a long-term earnings growth expectation of 17.4% and has surged 75.3% in the past year. A well-established global footprint, diversified product portfolio and ability to penetrate different markets are key growth drivers for InterDigital. The addition of technologies related to sensors, user interface and video to its already strong portfolio of wireless technology solutions is likely to drive considerable value, given the massive size of the market it offers licensing technologies to.
Juniper Networks Inc. (JNPR - Free Report) , carrying a Zacks Rank #2, is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help build network infrastructure used for services and applications based on a single Internet protocol network worldwide. Juniper offers a broad range of routing, switching and security products.
It delivered an earnings surprise of 6.5%, on average, in the trailing four quarters. Juniper has a long-term earnings growth expectation of 9.9%. It has a VGM Score of B.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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IHS Holding (IHS) Boosts Nigeria's Broadband Connectivity
IHS Nigeria, a subsidiary of IHS Holding Limited (IHS - Free Report) , has achieved a significant feat in advancing Nigeria's connectivity landscape. The completion of more than 10,000 kilometers of fiber optic cables across the country is a major stride toward achieving the federal government's National Broadband Plan, aiming for 70% broadband penetration by 2025.
By leveraging its subsidiary, Global Independent Connect Limited (“GICL”), IHS Nigeria is spearheading the Fiber-to-the-Tower initiative. This deployment not only enhances transmission capacity but also facilitates the integration of next-gen technologies like 5G. The connectivity of towers enables the extension of fiber infrastructure into key metropolitan areas, facilitating the delivery of digital services to residences, businesses and public entities in collaboration with its clients.
In addition to the fiber optic network, IHS Nigeria's rural telephony program has expanded mobile network coverage to 580 previously underserved rural communities. This not only meets Mobile Network Operators' rollout targets but also aligns with the federal government's digital inclusion agenda by providing voice and data services to remote areas.
Kazeem Oladepo, vice president of GICL, emphasized the company’s commitment to overcoming obstacles in communication services. The company’s open-access, shared infrastructure approach ensures a robust and scalable fiber network that multiple operators can utilize. Oladepo also highlighted the significance of collaboration with stakeholders, including customers and government agencies, in achieving rapid infrastructure rollout.
IHS Holding's strategic efforts align with the digital economy objectives of the federal government. The accomplishment of this milestone within three years underscores the potential for accelerated critical infrastructure development when key stakeholders unite to achieve shared objectives. As Nigeria progresses toward enhanced broadband connectivity, IHS Holding stands to benefit not only through the expansion of its infrastructure but also by playing a pivotal role in the country's digital transformation.
Based in London, the United Kingdom, IHS Holding is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count. It has more than 39,000 towers across 11 markets — Brazil, Cameroon, Colombia, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia.
The stock has lost 61.8% in the past year compared with the industry decline of 60.6%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
IHS Holding currently has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 19.8% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Headquartered in Wilmington, DE, InterDigital, Inc. (IDCC - Free Report) is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
This Zacks Rank #2 (Buy) stock has a long-term earnings growth expectation of 17.4% and has surged 75.3% in the past year. A well-established global footprint, diversified product portfolio and ability to penetrate different markets are key growth drivers for InterDigital. The addition of technologies related to sensors, user interface and video to its already strong portfolio of wireless technology solutions is likely to drive considerable value, given the massive size of the market it offers licensing technologies to.
Juniper Networks Inc. (JNPR - Free Report) , carrying a Zacks Rank #2, is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help build network infrastructure used for services and applications based on a single Internet protocol network worldwide. Juniper offers a broad range of routing, switching and security products.
It delivered an earnings surprise of 6.5%, on average, in the trailing four quarters. Juniper has a long-term earnings growth expectation of 9.9%. It has a VGM Score of B.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.