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Wireless

MTN sells South Africa towers to IHS for ZAR 6.4 billion

Wednesday 17 November 2021 | 10:52 CET | News
MTN Group said that MTN South Africa has finalised the sale of part of its passive tower infrastructure to IHS Towers for ZAR 6.4 billion. The deal reached following a lengthy competitive process covers the sale and leaseback of 5,709 MTN SA towers comprising approximately 4,000 greenfield and 1,700 rooftop sites. IHS said the takeover makes it the largest independent tower operator in South Africa.

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Categories: Mobile & Wireless
Companies: IHS Towers / MTN / MTN South Africa
Countries: South Africa
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