MTN Group Acquires IHS Towers for $6.2 Billion
MTN Group has announced a landmark $6.2 billion cash agreement to acquire IHS Towers, a major player in telecommunications infrastructure. Under the terms, IHS shareholders will receive $8.50 per ordinary share, representing a 36% premium over the 52-week volume-weighted average price.
The deal, which is expected to close in 2026, is subject to shareholder and regulatory approvals. Sam Darwish, Chairman and CEO of IHS Towers, described the agreement as a strategic milestone, while Ralph Mupita, MTN Group President and CEO, emphasized the acquisition's potential to strengthen MTN's long-term strategic position.
MTN currently holds approximately 24% of IHS and has received unanimous support from IHS's board of directors for the transaction. The deal also includes a commitment from long-term investor Wendel, bringing total backing to 40%.
J.P. Morgan is serving as the financial advisor for IHS Towers, while various legal counsels are involved for both parties.
Plus234Feed summary based on reporting from The Bureau. Read the original report below.
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