Storyline
MTN-IHS Deal Clears With Conditions
Timeline
- Fri, Aug 28LatestUnverified — not yet reviewed
MTN Launches $1.1 Billion Sale of 30% IHS Nigeria Stake to Local Investors
MTN Group has begun the formal process to raise up to $1.1 billion through the sale of its 30 percent stake in IHS Nigeria, directing the stake to local investors in line with regulatory conditions imposed by both the NCC and FCCPC. The transaction is one of Africa's largest pending telecom infrastructure deals and follows conditional regulatory approvals reported on August 27.
- Thu, Aug 27Unverified — not yet reviewed
NCC Grants MTN Conditional Approval for IHS Tower Acquisition
Nigeria's NCC has granted MTN conditional approval-in-principle for its acquisition of IHS Nigeria, adding the telecoms regulator's clearance to the FCCPC approval reported on August 25. Both regulators have imposed a mandatory 30 percent local selldown condition, cementing the indigenisation requirement on Africa's largest telecom infrastructure transaction.
- Tue, Aug 25Unverified — not yet reviewed
Nigeria Regulators Clear MTN-IHS $6.2 Billion Deal With Mandatory 30% Local Selldown
Nigeria's FCCPC and NCC have conditionally approved MTN's $6.2 billion acquisition of IHS Nigeria, making it Africa's largest telecom infrastructure transaction. Both regulators require MTN to sell 30 percent of the IHS Nigeria stake to Nigerian investors, a landmark indigenisation ruling that sets a precedent for tower-asset ownership rules across the continent.