MTN Group has secured shareholder approval for its proposed $6.2 billion acquisition of IHS Towers, positioning Nigeria as a central market in the deal. The transaction, which has now cleared a key hurdle, underscores the continued strategic importance of Nigeria within the MTN Group’s operations. The deal is expected to enhance MTN’s infrastructure capabilities in the country, supporting its long-term growth plans in Africa’s largest telecommunications market.
The acquisition comes amid ongoing efforts by MTN to strengthen its presence in Nigeria, a key driver of its expansion across the continent. The deal is projected to bring significant investment into the Nigerian telecom sector, potentially boosting network capacity and digital services for millions of users. MTN Nigeria’s CFO, Modupe Kadri, recently highlighted the company’s 25-year contribution to Nigeria’s digital transformation, emphasizing its role in shaping the country’s technological landscape (theeagleonline.com.ng).
The transaction is anticipated to be finalized in the coming months, with regulatory approvals still pending. Once completed, the deal will mark a major milestone in Nigeria’s evolving telecom sector, reinforcing MTN’s leadership in the region. The acquisition is also seen as a step toward greater integration of infrastructure services in the country’s growing digital economy.
