News Formal

MTN demands extraordinary meeting amid battle with NYSE-listed IHS | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Africa's largest mobile operator, MTN, has called for an extraordinary shareholders' meeting of New York-listed IHS Towers as it battles the group's board over voting rights. | News24_Business

Africa's largest mobile operator, MTN, has called for an extraordinary shareholders' meeting of New York-listed IHS Towers as it battles the group's board over voting rights.

According to Bloomberg, MTN, along with French investment company Wendel – which owns 19% – demands that those holding 10% or more of IHS get to nominate board members, but this had been dismissed by IHS. MTN said on Tuesday it"strongly believes that IHS has wilfully breached" its shareholder agreement by failing to place the proposal on the agenda, notify all other shareholders, and allow them to vote on it.

 

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:

 /  🏆 4. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

MTN in fight with company that owns 5,701 of its towersMTN has levelled serious allegations at the IHS Towers board of directors.
Source: mybroadband - 🏆 11. / 67 Read more »

Business class flight prices compared — over R300,000 for the fastest trip to New YorkSouth Africans looking for a bit of extra comfort on their next local or international flight will have to splurge quite a bit for the upgrade from economy to business class.
Source: mybroadband - 🏆 11. / 67 Read more »