MTN in Advanced Talks to Acquire Remaining Stake in IHS Holdings
The clarification follows recent market speculation about MTN’s intentions concerning its investment in IHS.
MTN Group Limited has confirmed that it is in advanced discussions with IHS Holdings Limited regarding a potential acquisition of the 75 percent stake in the tower company that it does not already own.
The clarification follows recent market speculation about MTN’s intentions concerning its investment in IHS. In a cautionary announcement issued on 5 February 2025, the telecommunications group said the proposed transaction could involve an offer price close to IHS’s last trading price on the New York Stock Exchange as of 4 February 2025, a price level that has risen significantly in recent weeks.
MTN emphasised that no final agreement has been reached and that there is no certainty the transaction will be concluded. If completed, the acquisition could have a material effect on the price of MTN’s securities. As a result, shareholders have been advised to continue exercising caution when dealing in the company’s shares until further communication is issued.
Should the transaction not proceed, MTN said it would continue to evaluate alternative options to unlock value from its investment in IHS. The group reaffirmed its commitment to maintaining a disciplined capital allocation framework.
