Africa Analysis MD Andre Wills says MTN’s R35-billion tower buyback is a one-off, not a trend reversal.
Browsing: IHS
MTN Group has agreed to acquire 100% of IHS Towers, reversing years of selling off its tower infrastructure.
MTN Group is in advanced discussions to acquire the shares in IHS Holdings that it does not already own.
The free Wi-Fi project is meant to provide connectivity and equip the Durban township community with digital skills.
IHS Holding is exploring a potential sale of its towers businesses in Rwanda and Zambia.
MTN Group has agreed to reopen talks with top African tower operator IHS Holding over a governance dispute.
Private equity firm Actis is in talks to buy Swiftnet, the mast and tower business owned by Telkom, sources said.
Tower operator IHS and its second largest shareholder, Wendel, have reached an agreement on corporate governance matters.
MTN Group said American Tower Corporation will take over its Nigerian tower operations from IHS Holding from 2025.
MTN South Africa is targeting 99% network availability during stage-6 load shedding, the CEO of parent MTN Group said.