Stakeholder MTN readies for US listing of IHS Towers

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Stakeholder MTN readies for US listing of IHS Towers
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The initial public offering is a big part of the mobile operator’s plan to offload noncore assets

IHS Towers, a Nigeria-born network tower company in which MTN holds about a third, is looking to raise up to R8.1bn from its upcoming US stock market flotation.

On Monday, IHS — which operates telecommunications infrastructure such as mobile phone towers — announced it was looking to raise up to $540m from an initial public offering on the New York Stock Exchange ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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