Nigeria Sets 30% Stake Sell-Down as Condition for MTN-IHS $2.2bn Acquisition Deal

Nigeria sets 30% stake sell-down as condition for MTN-IHS $2.2bn acquisition deal

Nigerian authorities have approved MTN Group’s $2.2 billion acquisition of IHS Towers, but outlined conditions for the deal. The approval was granted by the Federal Competition and Consumer Protection Commission, FCCPC – Nigeria’s anti-competition regulator. The FCCPC, however, placed a condition on the approval, requiring MTN Group to sell down up to 30 percent of […] Nigeria sets 30% stake sell-down as condition for MTN-IHS $2.2bn acquisition …

Nigeria’s regulator calls for domestic stake in MTN-IHS deal

Nigeria’s antitrust regulator ordered MTN Group, Africa’s largest mobile operator, to sell a 30% stake in its Nigerian tower unit to local investors as a condition to secure approval for the $6.2 billion acquisition of IHS Holdings. The ruling underscores Abuja’s push to deepen local ownership of pillars of Nigeria’s digital economy.The purchase of IHS, one of the largest tower operators in emerging markets with a heavy footprint in Nigeria, is …

MTN secures IHS deal approvals, moves closer to African towers ...

Nigerian competition authority among multiple regulators to greenlight the deal, which could see MTN take back control of previously sold tower assets. Telco highlights IHS buy as among ‘selective’ investments in digital infra during H1, as it boasts a strong set of financial results for the period…

FCCPC Clears MTN's $6.2bn IHS Acquisition Conditionally

The FCCPC has granted conditional approval for MTN Group's $6.2 billion acquisition of IHS Holding Limited, facilitating one of the largest infrastructure deals in African history. The post FCCPC grants conditional approval for MTN’s $6.2bn IHS acquisition appeared first on Business Elites Africa.

FCCPC clears MTN’s $6.2 billion IHS takeover, but with a condition

MTN Group has secured conditional approval from Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2 billion acquisition of IHS Holding Limited, marking a significant progress in the completion of one of Africa’s largest telecommunications infrastructure transactions. The post FCCPC clears MTN’s $6.2 billion IHS takeover, but with a condition appeared first on Nairametrics.