MTN needs Nigerian investor with R14.5 billion for tower deal
MTN Group is seeking local investors to acquire a 30% stake in IHS Nigeria under an agreement with the country’s antitrust authorities.
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MTN South Africa cutting up to R6 billion in costs
MTN South Africa CEO Ferdi Moolman said the move would help boost local earnings.
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MTN is a steal
All Weather Capital equity analyst Jared Hoover said the MTN Group’s valuation multiple is still too cheap.
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MTN returns to profit, surpasses 300m customer milestone
And ‘we have now introduced an enhanced shareholder return over the medium term’ – CFO Tsholofelo Molefe.
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African telecommunications | African tower business | Companies and Deals | IHS Holdings | IHS Towers | mergers and acquisitions
MTN launches R35bn IHS Towers full takeover
The deal values the entire tower assets company at about $6.2 billion (R99.4bn), including debt.
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Cellular | IHS Towers | MTN | Telecoms
MTN is buying back the towers it sold for R6.4 billion
MTN Group has announced that the board of IHS Towers has accepted its offer to acquire the shares in the company it does not already own.