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MTN acquires full control of IHS Towers

PRIVATESep 30, 2026

Acquiring Company

MTN

Acquired Company

IHS Towers

JohannesburgLondonHardwareMobileVoipWirelessTelecommunicationsHardware

Description

MTN has received approval from the Competition Tribunal to acquire the remaining 75% shares of IHS Towers for $2.2 billion. The deal aims to enhance MTN's digital infrastructure and service revenue, addressing competition concerns with imposed conditions. IHS Towers, valued at $6.2 billion, will continue operating independently after the acquisition.

Company Information

Company

MTN

Location

Johannesburg, Gauteng, South Africa

About

MTN is a pan-African mobile operator with the strategic intent of ‘Leading digital solutions for Africa’s progress’. We have 288 million customers in 17 markets and are inspired by our belief that everyone deserves the benefits of a modern, connected life. Inspired by Africa’s potential, we are committed to bridging the digital divide, furthering financial inclusion and advancing the attainment of the United Nations Sustainable Development Goals through our core business activities and our support to governments, communities, and customers.

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Frequently asked

Who acquired IHS Towers?

IHS Towers was acquired by MTN, based in Johannesburg. The deal was reported on September 30, 2026. MTN is a pan-African mobile operator with the strategic intent of ‘Leading digital solutions for Africa’s progress’. MTN is privately held and operates in Hardware.

When did MTN acquire IHS Towers?

MTN's acquisition of IHS Towers was reported on September 30, 2026. MTN has received approval from the Competition Tribunal to acquire the remaining 75% shares of IHS Towers for $2.2 billion. The deal aims to enhance MTN's digital infrastructure and service revenue, addressing competition concerns with imposed conditions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does IHS Towers do?

IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count and is the largest independent multinational towerco solely focused on the emerging markets. It is privately held, operating in Hardware, and is based in London.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.