IHS completes R6.4bn acquisition of MTN SA’s passive tower portfolio

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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MTN SA Completes Sale of Over $400-Million in Towers Acquisition - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsMTN South Africa has completed a sale of $410-million in an IHS Holding Limited (IHS Towers) acquisition of 5,701 towers in South Africa from the mobile telecommunications company. Under the agreement, IHS Towers is also providing Power Management Services to MTN SA on approximately 13,000 sites, including the acquisition portfolio, across South Africa. IHS Towers […]
Fuente: ITNewsAfrica - 🏆 27. / 59 Leer más »