Nigeria’s NCC grants MTN conditional approval for IHS deal
The Nigerian Communications Commission (NCC) has granted MTN Nigeria a conditional Approval-in-Principle (AiP) for its proposed acquisition of IHS Towers’ Nigerian business
The Nigerian Communications Commission (NCC) has granted Nigerian telecommunications giant MTN a conditional Approval-in-Principle (AiP) for its planned acquisition of IHS Towers' Nigerian business. This significant regulatory milestone comes as part of MTN Group's broader $2.2 billion acquisition of the remaining stake in IHS Towers. The approval, granted in mid-July, is contingent upon MTN Nigeria meeting several regulatory conditions set by the NCC.
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