MTN to acquire IHS Towers for $6.2B in cash deal
MTN Group has agreed to acquire IHS Towers, a global leader in shared telecom infrastructure, in an all-cash transaction valued at $6.2 billion. The deal, following weeks of negotiations, offers IHS shareholders $8.50 per share, a 36% premium to its 52-week average price and a 3% premium to its February 4 closing price of $8.23. This acquisition strengthens MTN's infrastructure portfolio and positions it as a major player in Africa's telecom sector.
SOURCE: https://nairametrics.com/2026/02/17/mtn-reaches-agreement-to-acquire-ihs-towers-in-6-2-billion-deal/