IHS shareholders back MTN’s bid for full ownership

MTN Group has secured shareholder approval to acquire the remaining shares in IHS Holding Limited, clearing a major hurdle in its plan to take full ownership of the telecommunications tower company. The Extraordinary General Meeting held on August 4, 2026, saw IHS shareholders approve the transaction at a two-thirds majority, allowing MTN to proceed with the merger.

Upon completion, IHS will become a wholly-owned subsidiary of MTN and be delisted from the New York Stock Exchange, ending its status as a publicly traded company. MTN's president and CEO, Ralph Mupita, highlighted the importance of telecommunications towers in his Ambition 2030 strategy and stated that full ownership of IHS would strengthen the group's strategic and financial position as demand for digital infrastructure and artificial intelligence continues to grow across Africa.

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