👨🏿🚀TechCabal Daily – New landlord, same old tenant
In today's edition: MTN secures Nigeria’s approval for IHS deal || MTN’s new data centre company || Kenya’s gambling regulator to reinstate fees || Tighter border-crossing monitoring between Kenya, Uganda
In a significant move, tech giant MTN has secured approval from Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) to acquire the remaining stake in IHS Towers. This comes as part of the company's $2.2 billion takeover of the Nigerian infrastructure provider. The FCCPC, however, has placed a condition on the acquisition, requiring MTN to sell up to 30% of its stake in IHS Nigeria to local investors over time.
This condition aims to prevent MTN from gaining too much control over the infrastructure that its competitors rely on in Nigeria. IHS Nigeria operates nearly 16,000 towers, serving major players like MTN Nigeria, Airtel, and T2 Mobile (formerly 9mobile). In essence, MTN is buying the landlord, but remains one of the largest tenants in the market.
Written by urgent.news from TechCabal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
