MTN Secures FCCPC Approval for $6.2bn IHS Acquisition
On August 24, 2026, MTN Group announced that it secured conditional approval from the Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2 billion acquisition of IHS Holding Limited. This approval is contingent upon MTN gradually selling down up to 30% of the Nigerian component of the IHS business at market prices over time.
MTN expressed comfort with the conditions set by the Nigerian regulator. The acquisition was initially announced in February 2026 and aims to acquire all outstanding shares of IHS Holding in an all-cash transaction.
IHS shareholders approved the deal during an Extraordinary General Meeting on August 4, 2026. The acquisition is expected to strengthen MTN's long-term earnings profile and provide greater control over telecommunications infrastructure, reversing part of its previous strategy of selling telecom towers to IHS while retaining access through leases.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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