MTN South Africa has completed a sale of $410-million in an IHS Holding Limited (IHS Towers) acquisition of 5,701 towers in South Africa from the mobile telecommunications company. Under the agreement, IHS Towers is also providing Power Management Services to MTN SA on approximately 13,000 sites, including the acquisition portfolio, across South Africa. IHS Towers is one of the largest telecommunications infrastructure providers in Africa. IHS Towers will own 70% of the South African Towers business with the remaining 30% to be owned by a B-BBEE consortium. Ralph Mupita, MTN Group President and CEO said they are pleased to have IHS bring global capabilities to the South African network.

Source: The North Africa Journal June 01, 2022 08:20 UTC