IHS Holding Limited (NYSE:IHS) Q4 2022 Earnings Call Transcript

I mean, the operators need to also make a decision on the future of Eskom. Is it going to improve? Is it going to deteriorate further? I mean, those are major decisions that the operators will have to take at the moment, but we remain ready to support them.

Steve Howden: And then, Stella, in terms of your questions on the upstream, so trusted transaction, and it’s really just to note that the $15 million upstream in January was part of the same $60 million transaction that we effected in December. So $6 million went up in December, $15 million went up in January. It’s part of the same overall upstreaming effort. And then, on the lease accounting in South Africa, so we inherited many thousands of leases in relation to the portfolio of assets we acquired from MTN in South Africa during the course of 2022. Those leases are pretty complex and pretty varying in nature. And so the process of getting through those reviewing and then making sure we’re recording them properly in our lease register, and therefore, balance sheet was the process that took some time.

Operator: That brings us to the end of the IHS Holding Limited Fourth Quarter and Full Year 2022 Earnings Results Call. Should you have any questions, please contact the Investor Relations team via the e-mail address, investorrelations@ihstowers.com. The management team, thank you for your participation today, and wish you a good day.