IHS Towers Signs Telecom Tower Acquisition Sale and Lease Back Agreement with MTN in South Africa

Nov 17, 2021

IHS Holding Limited (“IHS Towers”), one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world by tower count, has signed agreements to acquire 5,709 telecommunication towers in South Africa from Mobile Telephone Networks Proprietary Limited (“MTN”), one of the leading mobile telecommunications operators in South Africa (the “Transaction”). IHS Towers will also provide Power-as-a-Service (“PaaS”) to MTN at approximately 12,800 sites across South Africa (including the acquired 5,709 sites).

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