IHS Towers certainly took its time to join the phone mast party but it will still enjoy the attention of investors and bring a huge windfall to one its biggest shareholders, MTN Group.

The operators of telecoms infrastructure that beams signals and is often considered an intrusive eyesore, set the ball in motion for a US initial public offering, marketing a portion of itself (nearly 25-million shares, at between $21 and $24 each, according to a filing the the US Securities and Exchange Commission lodged this week.  ..

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