IHS Holdings is reportedly mulling the sale of its Rwandan and Zambian tower businesses.
As reported by Bloomberg, the infrastructure company, which focuses on Africa, Latin America, and the Middle East, is seeking buyers for the two units.
The publication reports that sources noted that proceeds from a potential sale would be used to pay down debt.
IHS is expected to gauge interest from buyers in two different countries.
IHS operates more than 40,000 towers across 10 markets, owning around 1,900 in Zambia and just under 1,500 in Rwanda.
However, the company's revenue has suffered due to the devaluation of Nigeria's currency, the naira, which is also IHS' biggest market.
The impact from the struggling Nigeria market, where IHS owns more than 16,000 towers, meant that the tower company reported a group revenue drop of 20 percent for the second quarter.
The company only recently struck a renewal with MTN Nigeria to extend its master lease agreement until 2032, after it looked as if American Tower was set to swoop in.
