By: Nana
Appiah Acquaye
Shareholders of IHS Holding
Limited (IHS Towers) have approved MTN Group’s proposed acquisition of the
remaining shares in the digital infrastructure company, marking a significant
milestone towards completion of the transaction.
The approval was granted
during an Extraordinary General Meeting (EGM) held on Tuesday, 4 August 2026,
where IHS shareholders voted in favour of the transaction through a special
resolution that secured the required two-thirds majority.
The shareholder approval
fulfils one of the key conditions precedent for the deal, which remains subject
to obtaining the necessary regulatory approvals before completion.
MTN Group President and
Chief Executive Officer, Raph Mupita, said the approval represents an important
step towards finalising the transaction and strengthening MTN’s strategic
position in digital infrastructure.
“Within our Ambition 2030
strategy, digital infrastructure and towers are critical value-creation drivers
that will strengthen MTN’s strategic and financial position for the future, at
a time when digital infrastructure and artificial intelligence are becoming
increasingly important to Africa’s growth and development,” Mupita said.
The proposed acquisition
forms part of MTN Group’s broader three-platform strategy, which identifies
digital infrastructure as a key foundation for supporting connectivity
expansion and Africa’s digital transformation.
If completed, the
transaction will bring together Africa’s largest mobile network operator with
one of the continent’s leading digital infrastructure platforms, creating a
stronger integrated digital infrastructure business.
MTN said regulatory approval
processes are ongoing and further updates will be provided as the transaction
progresses towards completion.
