MTN is on course to have 100% shareholding in IHS Towers. The Competition Commission (CompCom) has recommended the Competition Tribunal approve MTN’s proposed acquisition of tower operator IHS, with conditions. The acquisition, facilitated through wholly-owned MTN firm Sub-Merger Co, will see the mobile telephony group increase its shareholding in IHS to 100%. MTN holds approximately…
No-frills airline EasyJet has agreed to be taken over in a £5.7bn deal by US firm Apollo after a rival bidder dropped out. The takeover was agreed after US investment firm Castlelake, which had made a series of offers for the carrier, said it was withdrawing from the bid battle. Apollo said it wants to…
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…
Lafarge Africa Plc shareholders have approved a plan to rename the cement maker HBM Nigeria Plc, marking the formal shift to its new Chinese majority owner. The decision was approved at the company’s annual general meeting on April 30, 2026. The board was authorized to amend the company’s articles and take the steps needed to…
The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons.
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…
Canal+ outlined the first benefits of its acquisition of MultiChoice, pointing to Africa as the main source of cost savings and growth. The deal was completed on Sept. 22, 2025. Speaking to investors on Jan. 29, Canal+ Chairman Maxime Saada said the group expects more than €400 million of EBITDA synergies and about €300 million…
The Competition Tribunal has approved the sale of Herotel to Vumatel, but only subject to an extensive set of conditions aimed at safeguarding competition. The decision clears the way for Vumatel, which is already a shareholder in Herotel, to acquire full control of the business. Vumatel, a subsidiary of Maziv, is South Africa’s largest fibre-to-the-home…
Herotel operates fibre infrastructure. The Competition Tribunal has approved the merger in which Vumatel will acquire control of Herotel. In a statement, the tribunal says it has approved the transaction subject to conditions which address competition and public interest-related concerns. The conditions can be accessed here. Vumatel, already a shareholder in Herotel, is South Africa’s…
A cautious calm has settled over the eastern Democratic Republic of the Congo (DRC) city of Uvira in South Kivu province, as residents begin emerging from their homes following its capture by M23 rebels. The capture earlier this week threatens to derail a United States-brokered peace agreement, signed with much fanfare and overseen by President…
