MTN South Africa has completed a sale of $410-million in an IHS Holding Limited acquisition of 5,701 towers in South Africa from the mobile telecommunications company.
The Power Management Services component of the transaction is aligned to IHS Towers’ existing service offering in other African markets – this service will be delivered to the acquired sites, as well as to other third-party sites on which MTN SA is present. This service will primarily involve power systems and security at sites.
“The closure of this acquisition is an important milestone in IHS’ growth story. IHS was founded in Africa and the region continues to be a key anchor for our company. Through this transaction, IHS has now entered the most industrialised economy in Africa as South Africa’s largest independent tower operator,” IHS Towers Chairman and CEO, Sam Darwish, said.
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