MTN has approximately 24.7% shareholding in IHS. MTN Group has moved a step closer to taking full ownership of telecommunications tower operator IHS Towers, after shareholders of the infrastructure company approved the proposed acquisition at an extraordinary general meeting (EGM). The JSE-listed telecommunications group today announced that IHS shareholders voted in favour of the transaction…
IHS Holding’s board backed MTN Group’s plan to buy out other shareholders and take the telecom tower operator private, setting up a vote on one of Africa’s largest digital infrastructure deals. MTN will offer $8.50 a share in cash through its subsidiaries Mobile Telephone Networks Netherlands B.V. and Sub-Merger Co. If approved, IHS will become…
Tower firm IHS delivered higher revenue in 2025 than in 2024. Tower operator IHS’s full-year performance for 2025 shows the company generated 3.6% more revenue in 2025 than in 2024. The firm yesterday released its financial results for the fourth quarter and full year ended 31 December, with revenue from continuing operations rising 3.6% to…
MTN has approximately 24.7% shareholding in IHS. The board of IHS Towers has accepted an offer of $8.50 a share in a transaction that would see MTN Group increasing its shareholding to 100%, the mobile operator announced today. The potential transaction is subject to various approvals and the delisting of IHS from the New York…
MTN Group’s head office in Johannesburg. Mobile telephony group MTN is in advanced discussions to acquire the 75% shares in tower operator IHS it doesn’t already own. This follows recent speculation regarding its intentions with respect to its stake in IHS, says the JSE-listed firm. In a cautionary notice issued on SENS this morning, MTN…
MTN Group said on Thursday that it’s in advanced discussions to acquire the shares in IHS Holdings that it does not already own, a move that would see the mobile operator take control of the tower infrastructure business. In a cautionary notice to investors, MTN – which has in the past raised concerns about corporate…
IHS South Africa CEO Sandile Msimango. IHS South Africa, a division of IHS Towers, has launched a public WiFi initiative in Durban’s KwaMashu township, in collaboration with Project Isizwe. The project provides unlimited, free internet access to local residents, students, job-seekers and entrepreneurs. IHS South Africa CEO Sandile Msimango comments: “Connectivity is more than a…
