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MTN Group is in advanced talks to buy 75% of IHS Holdings for $2.76 billion to boost infrastructure and 5G in Africa.
MTN Group is in advanced talks to acquire a 75% stake in IHS Holdings, a major telecom tower operator in Africa and other regions, in a potential deal valued at about $2.76 billion based on IHS’s last NYSE closing price of $8.23 per share.
The move, if completed, would give MTN greater control over its infrastructure in Nigeria and South Africa, enhancing network efficiency and supporting 5G expansion.
No final agreement has been reached, and the transaction remains subject to negotiation and regulatory approval.
MTN said it may explore other options if the deal fails, while reaffirming its commitment to disciplined capital allocation.
MTN Group está en conversaciones avanzadas para comprar el 75% de IHS Holdings por $ 2.76 mil millones para impulsar la infraestructura y el 5G en África.