MTN Group to acquire 100% shareholding in IHS Towers for US$2.2 billion

MTN Group is acquiring the outstanding 72% equity interest in IHS Towers for US$2.2 billion, establishing full 100% ownership. This US$2.2 billion consideration represents a strategic investment to fully integrate IHS Towers' critical infrastructure into MTN's operational framework. The consolidation enhances MTN's direct control over passive network assets, optimizing rollout and operational efficiencies across its core African and Middle Eastern markets.

Counterparts (2)

Buyer

MTN

company

MTN Group is a multinational mobile telecommunications company, connecting approximately 280 million people in 19 countries across Africa and the Middle East. MTN focuses on providing voice, data, fintech, digital services, enterprise and wholesale services.

Seller

IHS Towers

company

IHS Towers is one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world by tower count. They focus on providing infrastructure solutions to mobile network operators.