IHS Towers To Go Private In $6.2 Billion MTN Buyout - IHS Holding (NYSE:IHS), MTN Gr (OTC:MTNOY)

IHS Towers To Go Private In $6.2 Billion MTN Buyout - IHS Holding (NYSE:IHS), MTN Gr (OTC:MTNOY)

IHS Towers, a leading digital infrastructure provider in Africa, has agreed to an all-cash acquisition by MTN Group for $6.2 billion.

DEAL: MTN Group to Acquire IHS Towers in $6.2bn Deal - Tech

Quick Read: IHS Towers shareholders will receive $8.50 per share in cash, representing: Approximately 239% premium over IHS Towers’ share price at the announcement of the Company’s strategic review on March 12, 2024 Approximately 36% premium to the 52-week Volume-Weighted Average Price (VWAP) Approximately 3% premium over IHS Towers unaffected closing share price of $8.23 on February 4, 2026 Transaction values IHS Towers at an enterprise value…

MTN Group To Buy IHS Towers In $6.2B Deal

South African telecoms giant MTN Group (JSE: MTN) has struck a deal to acquire IHS Holding (NYSE: IHS), Africa’s largest telecoms tower operator. MTN, already a major IHS shareholder, will pay $2.2bn in cash for the 75% stake it doesn’t already own. It’ll also assume IHS Holding’s existing debt load, pushing the deal’s value to $6.2bn. IHS Holding, also known as IHS Towers, was founded in Nigeria in 2001. It manages over 37,000 telecom towers ac…

MTN agrees $2.2B IHS Towers deal

MTN Group struck a deal to acquire the remaining 75 per cent stake in IHS Towers it does not already own, in a transaction valued at about $2.2 billion. The operator revealed the IHS board accepted an offer of $8.50 per share, marking a 3 per cent premium to the company’s closing share price on 4 February, when MTN released a cautionary announcement to investors. Including debt, MTN’s deal values the entire company at $6.5 billion. Also announce…

MTN moves to take full control of IHS Towers in $2.2 billion deal

MTN Group, Africa’s largest telecom operator, is moving to take full ownership of IHS Towers in a $2.2 billion deal that would consolidate control of nearly 29,000 telecom towers across Africa and mark a major strategic shift for the continent’s largest mobile network operator. IHS Towers accepted an offer of $8.50 per share in a transaction that would increase MTN’s stake to 100% and result in IHS being taken private, MTN noted in a statement o…