IHS Towers to acquire telecommunication towers in South Africa from MTN for $413m.

IHS Towers, a provider of telecom and communication infrastructure services, agreed to acquire telecommunication towers in South Africa from Mobile Telephone Networks, a mobile telecommunications operator in South Africa, for $413m. “I am exceptionally proud to announce IHS’ creation of the largest independent tower operator in South Africa, which represents the start of a new chapter in South Africa’s telecommunications infrastructure sector. The country has a growing population of almost 60m people and we are committed to utilizing our operational expertise to invest in the towers acquired and provide cutting edge power services where necessary," Sam Darwish, IHS Towers Chairman and CEO.