MTN concludes R6.4bn sale of cellphone towers to IHS | Fin24

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MTN concludes R6.4bn sale of cellphone towers to IHS | Fin24
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MTN has completed the R6.4 billion disposal of its cellphone towers business to IHS Towers, after the transaction was approved by the Competition Commission, it was announced on Wednesday. | Fin24

IHS Towers is one of the biggest independent operators of communications infrastructure in the world.

MTN has completed the R6.4 billion disposal of its cellphone towers business to IHS Towers, after the transaction was approved by the Competition Commission, it was announced on Wednesday. MTN South Africa CEO Charles Molapisi, said the partnership brings foreign investment into the market to create greater competition.

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