MTN moves to fully acquire IHS Towers in multi-billion dollar deal
MTN Group, Africa’s biggest mobile network operator, is in advanced negotiations to buy the remaining stake in IHS Towers. The potential deal could value IHS Towers at $2.76bn and would give MTN full control over the tower infrastructure firm. MTN already owns about 25 per cent of IHS Towers from a previous transaction. Discussions are ongoing, and no binding agreement has been reached yet.
TLDR
- MTN Group is negotiating to acquire the remaining 75 per cent stake in IHS Towers.
- The deal could value IHS Towers at approximately $2.76bn, based on recent market data.
- MTN’s current stake comes from a 2014 tower sale deal with IHS.
- The company says any offer will align with IHS’s latest market valuation, but talks are not yet final.
- If the deal falls through, MTN may explore other ways to unlock value from its existing shareholding.
