MTN Group has moved closer to taking full ownership of IHS Towers after shareholders of the telecommunications infrastructure company approved the proposed acquisition of its remaining shares.
The approval, secured at an Extraordinary General Meeting held on August 4, 2026, clears a major hurdle in MTN’s plan to acquire the approximately 75.3 percent stake in IHS Towers that it does not already own.
MTN currently holds about 24.7 percent of IHS Towers. If completed, the transaction will make IHS Towers a wholly owned subsidiary of MTN and take the company private.
The proposed deal, announced in February 2026, values IHS Towers at approximately $6.2 billion and involves MTN paying $8.50 in cash for each outstanding IHS Towers share. The consideration for the shares MTN does not already own is approximately $2.2 billion.
The transaction requires further regulatory approvals before completion.
The shareholder vote represents an important step for MTN as
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