MTN Group to Acquire Full Control of IHS Holding Limited
On 17 February 2026, IHS Holding Limited announced a merger agreement where MTN Group would acquire the remaining shares of IHS that it did not already own, increasing its ownership from 24% to 100%. The transaction values IHS at approximately $6.2 billion, with IHS shareholders set to receive $8.50 per ordinary share in cash.
This offer represents a 239% premium to IHS’s share price when it announced its strategic review in March 2024 and a 36% premium to its 52-week volume-weighted average share price as of 4 February 2026. The deal raises concerns regarding market dominance and monopolization in Nigeria's telecommunications sector, particularly regarding MTN's potential to disadvantage competitors by controlling critical infrastructure.
The Federal Competition and Consumer Protection Act (FCCPA) 2018 governs antitrust matters in Nigeria, aiming to prevent the abuse of market power and ensure fair competition.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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