Storyline
MTN Wins IHS Shareholder Vote
Timeline
- Wed, Aug 12LatestUnverified — not yet reviewed
IHS Towers Revenue Rises 8% but Diesel and Merger Costs Squeeze Profits
IHS Towers, which operates infrastructure in Ghana, has reported 8% revenue growth alongside profit compression driven by diesel fuel costs and merger-related expenses. The financial results add operational detail to the ongoing MTN tower ownership transition previously reported following shareholder approval.
- Sat, Aug 8Unverified — not yet reviewed
IHS shareholders approve MTN full tower ownership as Latin America exit advances
IHS is exiting its Latin America operations as MTN's bid to take full ownership of the tower infrastructure company moves closer to completion, following shareholder approval reported on 6 August. The portfolio reshaping could affect the ownership and management of tower infrastructure assets relevant to MTN Ghana's network operations.
- Thu, Aug 6Unverified — not yet reviewed
IHS shareholders approve MTN's bid for full ownership of tower assets
IHS shareholders have approved MTN's plan to take full ownership of the tower infrastructure company, according to multiple reports covering the same shareholder vote. The deal carries indirect implications for Ghana's telecom tower infrastructure landscape given MTN Ghana's position as a key market participant.