Stock & Analyst Updates | |
Stock & Analyst Updates | |
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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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