MTN Group has agreed to acquire the remaining stake in IHS Towers that it does not already own, in an all-cash transaction valuing the tower company at approximately $6.2 billion, as reported by Reuters.
Under the terms of the agreement, MTN will pay $8.50 per share to IHS shareholders, representing a significant premium to the company’s recent average trading price. The transaction will result in IHS being taken private and becoming a wholly owned subsidiary of MTN, subject to shareholder and regulatory approvals.
The deal marks a strategic shift for MTN, which previously separated its tower assets as part of a broader capital optimisation strategy. By bringing IHS fully back under its control, MTN is expected to gain greater operational flexibility, reduce long term leasing costs and strengthen its ability to invest in network expansion, including 5G infrastructure across its key African markets.
Once completed, IHS shares will be delisted from the New York Stock Exchange, consolidating one of Africa’s largest telecom infrastructure portfolios under MTN’s ownership and reinforcing the group’s long term commitment to digital infrastructure growth on the continent.
