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 Reports

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.

United States United States Latest News, United States United States Headlines

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

MTN Appoints New Group Executive for Enterprise Business Unit - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsMTN Group announced the appointment of Tumi Chamayou as Group Executive: Enterprise Business Unit (GEBU), which takes effect from 1 June 2022. Tumi joined the GEBU team in 2018, as General Manager for Large Enterprise Sales, and has been Acting Executive for the function since July 2020, until now. During this time, she has added […]
Source: ITNewsAfrica - 🏆 27. / 59 Read more »