MTN to Acquire Remaining Stake in IHS Towers for $2.2 Billion

Deal Summary

MTN Group announced it will acquire the remaining stake in IHS Towers, valuing the transaction at $2.2 billion and bringing its total investment in the tower operator to $6.2 billion. The deal gives MTN full control of IHS Towers' African infrastructure assets, enhancing its network coverage and revenue potential. The acquisition is expected to close later this year, subject to regulatory approvals.