MTN South Africa has completed its sale of its passive tower portfolio to IHS Towers.
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IHS has appointed Sandile Msimango as CEO of its South African operation after its recent R6.4-billion towers deal with MTN Group.
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 Holding plans to enter new markets in the Middle East and Southeast Asia to bulk up ahead of a potential attempt to sell shares in either New York or London.