IHS weighs bid for Telkom’s African tower business

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

New York-listed IHS Holding is weighing a bid for South Africa’s Telkom’s tower unit. Moneyweb Business

New York-listed IHS Holding is weighing a bid for South Africa’s Telkom’s tower unit, according to people familiar with the matter. Deliberations are focused on the structure of the potential deal, although Telkom remains open to offers from other companies and there is no guarantee IHS will buy the unit, according to the people, who asked not to be identified because the discussions are private. IHS and Telkom declined to comment on the matter. Telkom shares rose as much as 6.

Meanwhile, mobile companies have increasingly sought to spin off their towers to focus on their core business, with Vodafone Group Plc’s African unit Vodacom separating its towers portfolio into a new unit in 2021. IHS Towers is the biggest Africa-focused tower company and has been acquiring assets in South Africa as the country prepares for a scaled roll-out of a fifth generation mobile network. The firm reached a sales-and-lease back tower deal with MTN Group in 2021.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN-linked IHS bids for Telkom’s African tower businessIHS Towers is the biggest Africa-focused tower company and has been acquiring assets in South Africa as the country prepares for a scaled rollout of a 5G mobile network.
Source: TimesLIVE - 🏆 28. / 59 Read more »

MTN-linked IHS bids for Telkom’s African tower businessIHS Towers is the biggest Africa-focused tower company and has been acquiring assets in South Africa as the country prepares for a scaled rollout of a 5G mobile network.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

MTN-owned company considers buying Telkom’s cellular towersNew York-listed IHS Holding is weighing a bid for Telkom’s tower unit.
Source: mybroadband - 🏆 11. / 67 Read more »

US company eyes Telkom tower businessNew York-listed IHS Holding is weighing a bid for Telkom’s tower unit.
Source: BusinessTechSA - 🏆 24. / 61 Read more »