MTN Group Limited, a pan-African mobile operator, has agreed to acquire IHS Holding Limited, a London-based telecommunications infrastructure company, for $8.50 per share in cash, valuing IHS Towers at about $6.2 billion.
According to the announcement on Tuesday, MTN and IHS Towers shareholder Wendel have committed to voting in favor of the transaction, securing over 40 percent shareholder support. Following completion, IHS Towers will be delisted and become a fully owned subsidiary of MTN.
“Today’s announcement creates a compelling opportunity that provides certainty and immediate returns for our shareholders, enabling them to crystallize the significant value generated during our strategic review. The proposed transaction deepens our long-standing partnership with MTN, as it combines Africa’s largest mobile network operator with one of its largest digital infrastructure platforms, and underscores the strong connection between IHS Towers and the African continent,” Sam Darwish, CEO of IHS Towers, said in a statement.
The transaction is expected to close in 2026.
