South Africa’s MTN Group has moved a significant step closer to acquiring IHS Holding Limited after shareholders of the tower infrastructure company approved the proposed takeover, advancing one of the largest digital infrastructure transactions in Africa’s telecommunications industry.
The approval, secured during an Extraordinary General Meeting (EGM) of IHS shareholders on Tuesday, marks a major milestone in MTN’s ambition to integrate one of Africa’s largest independent telecoms tower companies into its operations. The transaction remains subject to regulatory approvals across relevant jurisdictions before it can be completed.
According to regulatory filings seen by Technology Times, the shareholder vote follows the agreement announced in February this year under which MTN proposed acquiring the outstanding shares of IHS Towers that it does not already own, bringing the tower company fully into the MTN Group.
MTN Group reckons that taking
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