FCCPC clears MTN’s $6.2 billion IHS takeover, but with a condition
MTN Group has secured conditional approval from Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2 billion acquisition of IHS Holding Limited, marking a significant progress in the completion of one of Africa’s largest telecommunications infrastructure transactions. The post FCCPC clears MTN’s $6.2 billion IHS takeover, but with a condition appeared…
Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) has granted conditional approval for MTN Group's $6.2 billion acquisition of IHS Holding Limited, a significant regulatory milestone in Africa's largest telecommunications infrastructure transaction. The transaction, which has been progressing through the required regulatory clearance processes, is expected to enhance MTN's long-term earnings profile, revenue growth, and free cash flow generation.
MTN disclosed that the FCCPC approval is subject to a gradual reduction of its ownership in part of the acquired business. This deal, made possible after shareholders of IHS Holding Limited approved the proposed takeover, marks a strategic shift as MTN aims to regain control over key tower assets previously leased under sale-and-leaseback agreements.
The acquisition, if successful, would rank among Africa's largest telecom infrastructure deals, significantly boosting MTN's influence over critical network assets.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
