MTN Group to merge with IHS Towers in a $6.2bn deal.

MTN Group, a pan-African mobile operator, agreed to merge with IHS Towers, a telecommunications infrastructure provider, in a $6.2bn deal. “This proposed transaction is a pivotal step in further strengthening MTN Group’s strategic and financial position for a future where digital infrastructure will become ever more essential to Africa’s growth and development. This transaction gives us a unique opportunity to buy back our towers and strengthen our ability to be partners for progress to the nation states in which we operate. For IHS customers and partners across the continent, we commit to continuing high standards of service and the right governance of what is the largest standalone and integrated tower company in Africa, enabled by the excellent people within IHS,” Ralph Mupita, MTN Group President and CEO.