MTN Group moves closer to acquiring all remaining shares of IHS Towers. Shareholders approved the takeover on August 4, 2026. This approval fulfills a critical condition for the transaction to proceed. MTN currently holds a substantial stake but seeks full control of the infrastructure partner.
The acquisition supports the MTN Ambition 2030 strategy. This plan focuses on reintegrating tower infrastructure to meet rising data demand. Digital service growth also drives this strategic move.
MTN expects the deal to add approximately R2.011 billion in pro-forma profit for 2025. The transaction projects a 9% increase in pro-forma EBITDA. Final completion remains subject to regulatory approvals.