$IHS

MTN Group is in talks with local investors to sell a 30% stake in IHS Nigeria, as required by regulators. The deal, part of MTN's $2.2B acquisition of IHS Towers, could raise $900M-$1.1B. Regulators mandated the sale to ensure fair competition and local investment in critical infrastructure. IHS Nigeria operates 18,000 mobile towers and will delist from the NYSE post-acquisition.

MTN Group is seeking local investors to buy a 30% stake in IHS Nigeria, potentially raising $900M-$1.1B. The sale aims to pay down debt and comply with Nigerian regulations. IHS Nigeria operates 18,000 mobile towers and is a key asset of NY-listed IHS Holdings.

MTN Nigeria received an Approval-in-Principle (AiP) from the Nigerian Communications Commission (NCC) for its $2.2 billion acquisition of IHS Towers' Nigerian business, but final approval depends on meeting regulatory conditions. The NCC requires MTN to maintain market access, avoid exclusivity, and submit an investment plan. The deal, valued at $6.2 billion, still needs approvals in other markets and is expected to close in late 2026.

MTN Group received conditional approval from Nigeria's FCCPC to acquire the remaining stake in IHS Towers for $2.2 billion, with a requirement to sell 30% of its stake in IHS Nigeria. MTN accepted the condition, aiming to retain majority control. The deal addresses competition concerns and could help MTN manage financial implications. MTN reported moderated service revenue growth in H1 2026 but expects acceleration in H2.

IHS Holding Limited (IHS Towers, NYSE:IHS) reported Q2 2026 results for the quarter ended June 30, 2026. Revenue from continuing operations rose to $428.6m (+10.4% YoY). Adjusted EBITDA was $245.3m (-1.3%). Loss was $7.5m vs profit prior year. ALFCF increased to $57.1m (+5.9%). Net leverage was 2.8x. Shareholders approved IHS acquisition by MTN Group, pending remaining conditions.

IHS Holding Limited shareholders approved the planned merger with a subsidiary of MTN Group, clearing a key condition for MTN’s acquisition. At an Aug. 4, 2026 EGM, holders of 264.07 million ordinary shares (July 9 record date) formed a quorum and approved the merger agreement and related resolutions, according to an SEC filing.

IHS Holding’s board backed MTN Group’s plan to take the telecom tower operator private, according to an SEC Schedule 13E-3 filing. Shareholders will vote at an EGM in London later this year on a $2.2 billion deal to buy all outstanding IHS shares for $8.50 cash each. If approved, IHS will be delisted from the NYSE. MTN affiliates and Oranje-Nassau Développement have support totaling over 40% of votes.

IHS Holding Ltd's EVP and Group General Counsel, Mustafa Tharoo, exercised fully vested Restricted Stock Units (RSUs) for 10,224 Ordinary Shares and also received a compensation-related award of 101,495 Ordinary Shares. After these transactions, Tharoo directly holds 778,874 Ordinary Shares. The Form 4 filing indicates these were acquisitions and no shares were sold.

IHS Towers announced the sale of its Latin American tower operations, including IHS Brazil and IHS Colombia, to Macquarie Asset Management for approximately $952 million. This move signifies the company's complete exit from the region and involves approximately 8,860 telecommunications tower sites. The transaction, expected to close later in 2026, aims to create shareholder value and aligns with IHS Towers' strategic initiatives.

IHS Towers has announced its departure from Latin America through the sale of its tower operations in Brazil and Colombia to a Macquarie-backed entity for an enterprise value of approximately $952 million. This move, part of a shareholder value enhancement strategy, includes about 8,860 sites and is expected to close later in 2026, pending regulatory approvals. Macquarie Asset Management aims to bolster its presence in the region's 5G infrastructure, while IHS (IHS) stock currently holds a 'Buy' rating from analysts and a 'Neutral' sentiment from TipRanks' AI Analyst, Spark.