MTN reveals pro forma profit from potential IHS acquisition
MTN Group revealed its takeover of international cellular tower infrastructure company IHS resulted in a pro forma profit of R2.011 billion in its 2025 financial year.
The African telecoms giant announced it would purchase the...
IHS Seeks JPMorgan’s Advice as Management Fears Hostile Takeover
IHS Holding Ltd. is consulting with JPMorgan Chase & Co. for advice regarding an escalating standoff with its largest shareholders over how the African tower operator is run, according to people familiar with the matter.
The move...
MTN-owned company considers buying Telkom's cellular towers
New York-listed IHS Holding Ltd. is weighing a bid for South Africa’s Telkom SA SOC’s tower unit, according to people familiar with the matter.
Deliberations are focused on the structure of the potential deal, although Telkom remains...
MTN completes sale and lease-back deal for 5,701 towers
IHS Holding Limited has completed the acquisition of 5,701 towers in South Africa from MTN SA.
Under the agreement, IHS Towers is also providing power management services to MTN SA on approximately 13,000 sites, including the acquisition...
MTN gets green light to sell its towers in South Africa — with strict conditions
The Competition Commission announced on Wednesday evening that it has approved, with conditions, MTN’s sale of 5,713 cellular masts in South Africa to IHS Holding Limited (IHS Towers).
MTN and IHS confirmed the...
Cellphone tower giant appoints ex-MTN exec as South Africa CEO
IHS Holding Limited, known as IHS Towers, has appointed Sandile Msimango as Vice President and CEO of IHS South Africa.
Msimango was the MTN Group head of passive infrastructure investments and management between 2009 and 2015...
MTN sells its towers in South Africa
MTN has announced that its South African division has finalised a transaction to sell and leaseback 5,709 of its towers—comprising around 4,000 greenfield and 1,700 rooftop sites—to IHS Towers for about R6.4 billion.
Proceeds will be reinvested into...
MTN will own R26.4 billion in tower company after New York Stock Exchange listing
Independent telecommunications company IHS Towers has announced its initial public offering (IPO) will be priced at $21.00 per share.
South African mobile network operator MTN currently has a 29% stake in the...