MTN Group in Talks to Acquire 75% Stake in IHS Holdings

Telecoms giant MTN plans to buy IHS Towers

South African telecoms giant MTN said it plans to buy all of IHS Towers for $2.7 billion, in a reversal of its earlier strategy to divest from tower businesses over the last half decade.IHS owns and operates thousands of telecom towers in five African countries, including Nigeria and South Africa, as well as in Brazil and Colombia. Founded in Lagos, IHS went public on the New York Stock Exchange in 2021 and completed a purchase of nearly 6,000 t…

MTN Group in talks to acquire 75% stake in IHS Holdings

MTN Moves to Buy the Remaining 75% Stake in IHS Holdings

MTN Group has advanced discussions to acquire the roughly 75% stake it does not already own in IHS Holding Limited, a move that could hand the mobile giant full control of one of the world’s largest independent tower firms. The report says the company issued a cautionary notice, confirming that it is evaluating a potential … The post MTN Moves to Buy the Remaining 75% Stake in IHS Holdings appeared first on Business Elites Africa.

MTN in talks to acquire remaining 75% of IHS

On today's Techpoint Digest, we talk about MTN pursuing full control of IHS Holdings, Starlink considering building its own phones, and Elon Musk's Starlink launching in Senegal.

👨🏿‍🚀TechCabal Daily – MTN eyes IHS takeover

In partnership with Lire en Français اقرأ هذا باللغة العربية TGIF. We are dropping our Predictions project today. In it, we ask some of Africa’s most experienced executives, investors, and journalists to help us make sense of what to expect in African tech this year.  We got a lot of different predictions ranging from Kenyan youths focusing on agritech, to VCs thinking that the asset light model has lost its advantage, cybersecurity being an …

MTN considers $2.7bn buyout of IHS Towers in strategic reversal

The move would see MTN regain full control of tower assets it previously sold, marking a significant shift in its long-standing infrastructure strategy Pan-African operator MTN Group has confirmed it is in advanced discussions to acquire the remaining shares in IHS Towers that it does not already own, a transaction that could value the tower company at around $2.7bn and reverse more than a decade of tower divestments. In a cautionary announcemen…