MTN Group is seeking Nigerian investors to acquire up to 30 per cent of IHS Nigeria, as part of its plan to complete the acquisition of IHS Holding Limited. The move comes as the telecommunications giant aims to strengthen its local presence and expand its operations in the country. The stake in IHS Nigeria is valued at $1.1 billion, and the company is looking to finalize the deal by attracting local investment.
The decision to involve Nigerian investors reflects MTN’s strategy to deepen its engagement with the domestic market. By securing local ownership, the company hopes to enhance its operational efficiency and align more closely with local regulatory frameworks. The acquisition of IHS Holding Limited is expected to bolster MTN’s infrastructure and services in Nigeria.
The process of acquiring the stake is still ongoing, with MTN working closely with potential investors to finalize the terms. The deal is seen as a significant step in the company’s long-term growth strategy within Africa’s largest economy. Investors are being encouraged to participate in the transaction to support the expansion of key digital services.
