MTN Group Posts Revenue Growth, Higher Profitability

After securing Nigeria and COMESA approval, MTN pushes $6.2 billion IHS Towers takeover towards finish line as South Africa, ECOWAS and CEMAC hold the final keys

MTN has moved closer to completing its $6.2 billion takeover of IHS Towers after securing shareholder and regulatory approvals covering Nigeria and parts of eastern and southern Africa.

MTN Group Posts Revenue Growth, Higher Profitability

MTN Group cited robust demand across markets and added that its proposed acquisition of IHS Towers remained on track for completion by the end of the year.

MTN secures key approvals for IHS deal, faces regional clearance test

MTN Group awaits three regulatory approvals from ECOWAS, CEMAC and South Africa to complete its $2.2 billion acquisition of IHS Holdings before the end of 2026.