Africa Analysis MD Andre Wills says MTN’s R35-billion tower buyback is a one-off, not a trend reversal.
Browsing: IHS Towers
MTN Group is in advanced discussions to acquire the shares in IHS Holdings that it does not already own.
IHS Holding is exploring a potential sale of its towers businesses in Rwanda and Zambia.
MTN Group said American Tower Corporation will take over its Nigerian tower operations from IHS Holding from 2025.
Telkom is considering all “viable” options for its towers and masts business, Swiftnet, including the sale of a majority stake in the company.
MTN South Africa has completed its sale of its passive tower portfolio to IHS Towers.
The Competition Commission has okayed the acquisition by New York-listed IHS Towers of thousands of towers owned by MTN South Africa, but has attached stringent conditions to the deal.
Following a “lengthy competitive process”, MTN Group will sell a big chunk of its South African tower portfolio to IHS Towers in a R6.4-billion deal.
IHS Towers has announced it will price its upcoming New York initial public offering at $21/share.
MTN Group affiliate, emerging markets telecommunications tower operator IHS Towers, is pursuing a possible listing on the New York Stock Exchange.