Global telecommunications infrastructure provider IHS Holding Limited has concluded its acquisition of 5 701 towers from mobile network operator MTN South Africa. The planned acquisition was announced in November 2021. This follows the Competition Commission’s approval, with several conditions, of the sale of the passive tower infrastructure sites owned by MTN SA in March.
Acquired assets and provision of power management services across MTN SA’s tower portfolio are expected to garner an estimated revenue of $192 million and an adjusted Ebitda of approximately $85 million , in the first year of operations. “IHS Towers is also providing power management services to MTN SA on approximately 13 000 sites, including the acquisition portfolio, across South Africa …. This service will primarily involve power systems and security at sites,” adds the statement.
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