Tag: MTN Group

News

MTN Moves Closer to Full IHS Takeover

MTN Group has moved a step closer to taking full ownership of telecommunications tower operator IHS Towers, after shareholders of the infrastructure company approved the proposed acquisition at an extraordinary general meeting (EGM). The JSE-listed telecommunications group today announced that IHS shareholders voted in favour of the transaction by the required two-thirds majority at the […]

Telecom

IHS Towers Board Approves MTN’s Takeover Deal

The board of IHS Towers has accepted an offer of $8.50 a share in a transaction that would see MTN Group increasing its shareholding to 100%, the mobile operator announced today. The potential transaction is subject to various approvals and the delisting of IHS from the New York Stock Exchange (NYSE). Earlier this month, the […]

Telecom

MTN Group Moves to Acquire Remaining 75% Stake in IHS Towers

MTN Group, Africa’s largest mobile network operator, has entered advanced discussions to buy the approximately 75 percent of shares in IHS Holding Limited (IHS Towers) that it does not already own, a move that would give the South African telecom giant full control of one of the world’s leading independent tower infrastructure companies. In a […]

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