IHS Nigeria Plc - announcement of Sale of Mobile Network Towers in Cote D’ivoire and Camroon to IHS

October 15, 2012    

IHS Nigeria Plc have notified The Exchange that IHS Holdings Limited (“IHS”) has entered into a definitive agreement with MTN Group Limited (“MTN”) (JSE: MTN) pursuant to which IHS will acquire up to 931 mobile network towers from MTN Cote d’Ivoire (“MTN CIV”) for US$141 Million and up to 827 towers from MTN Cameroon (“MTN CMR”) for US143 Million. Following this agreement IHS will be a 100% shareholder of the tower companies to be set up in each country to manage the towers and other passive infrastructure.

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