Business Combinations (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| IHS Kuwait acquisition of towers in Kuwait |
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| Business Combinations |
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| Disclosure of detailed information about asset acquisitions |
| | | | | | | 2023 | | 2022 | | | $’000 | | $’000 | | | | | | Gross consideration | | 6,408 | | 2,729 | Less: consideration received in exchange for a retained 30% interest (by Zain Kuwait) in IHS GCC KW | | (1,922) | | (819) | Net consideration for 70% controlling interest in the acquired towers | | 4,486 | | 1,910 | | | | | | Identifiable assets acquired and liabilities assumed: | | | | | Towers and tower equipment | | 5,576 | | 1,032 | Customer related assets | | 2,224 | | 1,947 | Network-related assets | | 766 | | 671 | Trade and other payables | | (2,158) | | (921) | Total identifiable net assets acquired (at 100%) | | 6,408 | | 2,729 | | | | | | Goodwill | | — | | — | | | | | | Non-controlling interest | | 1,922 | | 819 | | | | | | Revenue — post‑acquisition | | n.a. | | n.a. | Loss — post‑acquisition | | n.a. | | n.a. |
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| MTN telecom towers in South Africa |
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| Business Combinations |
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| Summary of consideration paid and the fair value of assets and liabilities acquired at the acquisition date |
| | | | | | | | | As reported | | | | As re-presented | | | 2022 | | 2022 | | 2022 | | | $’000 | | $’000 | | $’000 | | | | | | | | Gross consideration | | 421,239 | | — | | 421,239 | Net cash consideration | | 421,239 | | — | | 421,239 | | | | | | | | Identifiable assets acquired and liabilities assumed: | | | | | | | Towers and tower equipment | | 251,683 | | — | | 251,683 | Customer related intangible asset | | 127,957 | | (6,492) | | 121,465 | Network related intangible asset | | 67,837 | | 1,904 | | 69,741 | Right of use asset | | 211,315 | | 621 | | 211,936 | Lease liabilities | | (211,315) | | (621) | | (211,936) | Deferred tax | | (52,864) | | 1,239 | | (51,625) | Provisions for other liabilities and charges | | (34,419) | | — | | (34,419) | Total identifiable net assets acquired | | 360,194 | | (3,349) | | 356,845 | | | | | | | | Goodwill | | 61,045 | | 3,349 | | 64,394 | | | | | | | | Revenue — post‑acquisition | | | | | | 71,398 | Loss — post‑acquisition | | | | | | (20,542) |
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| Sao Paulo Cinco Locacao de Torres Ltda (SP5) |
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| Business Combinations |
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| Summary of consideration paid and the fair value of assets and liabilities acquired at the acquisition date |
| | | | | 2022 | | | $’000 | | | | Gross consideration | | 317,188 | Less: cash in business at the date of acquisition | | (1,896) | Net cash consideration | | 315,292 | | | | Identifiable assets acquired and liabilities assumed: | | | Towers and tower equipment | | 13,395 | Land | | 885 | Customer related intangible asset | | 48,353 | Network related intangible asset | | 2,520 | Right of use asset | | 266,666 | Trade and other receivables | | 23,575 | Lease liabilities | | (4,282) | Trade and other payables | | (4,222) | Deferred tax | | (86,239) | Total identifiable net assets acquired | | 260,651 | | | | Goodwill | | 54,641 | | | | Revenue — post‑acquisition | | 34,129 | Profit — post‑acquisition* | | 6,340 |
*Includes profit up until an internal merger of the entity.
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