MTN is boosting its economic interest in mobile phone tower operator IHS Group from 15% to 29%, the JSE-listed telecommunications group told shareholders on Wednesday. In a statement on the JSE’s stock exchange
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Independent mobile infrastructure provider IHS has completed its acquisition of more than 1 200 network towers from MTN. It has bought all of the mobile group’s towers in Zambia and Rwanda. The value of the transaction has not been disclosed. IHS subsidiaries in Zambia and Rwanda acquired ownership and
Vodacom is selling more than a thousand of its base stations in Tanzania to tower operator Helios in a deal worth about US$75m, according to a UK media report. This is the first time that Vodacom has sold tower infrastructure to a third party, the Financial Times newspaper reported at the weekend. Its South African
Independent cellphone tower operator IHS, which is headquartered in Nigeria, has secured a US$202m syndicated credit facility from Ecobank Capital and other banks. The money will be used to help facilitate IHS’s acquisition of MTN Group’s 1 757 base stations in Cameroon and
Independent telecommunications tower operator, Nigerian-founded IHS Group, believes that half of the 170 000 base stations built by mobile operators in Africa will be considered for outsourcing within the next three to five years as pressure