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MTN Towers

Company News

MTN SA Completes Sale of Over $400-Million in Towers Acquisition

Zintle -
MTN South Africa has completed a sale of $410-million in an IHS Holding Limited (IHS Towers) acquisition of 5,701 towers in South Africa from the mobile telecommunications company. Under the agreement, IHS Towers is also providing Power Management Services to...
Mobile and Telecoms

MTN SA Invests $46.4-Million in New Infrastructure for KZN, South Africa

Luis Monzon -
Africa's largest telecom group MTN SA has announced a further investment of $46.4-million (R700-million) in order to modernise existing, and deploy new, network infrastructure across the KwaZulu-Natal province in South Africa. The $46.4-million investment, which is an addition to the...
Mobile and Telecoms

A Price Has Been Set for MTN’s IHS Tower Deal – Here Are The Details

Luis Monzon -
After a lengthly competitive process, the MTN Group has announced that its South African arm has finalised a passive tower infrastructure transaction with IHS Towers. The transaction will entail the sale and leaseback of 5,709 of MTN SA’s towers –...
Mobile and Telecoms

MTN’s Takeover Plans for Telkom Would Need the Government’s Support First

Luis Monzon -
South Africa's MTN Group, the largest telecom in Africa and 2nd largest in its home nation has reportedly made a pitch to buy SA's third largest telecom, Telkom. According to an anonymous insider who spoke to Bloomberg, Telkom has...
Mobile and Telecoms

Just How Many Shares is MTN Nigeria Preparing to Sell in Upcoming Offer

Luis Monzon -
The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down...
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Latest News

FinTechMamsi Nkosi -

VISA Makes Key Investment in Moniepoint to Fuel SME Growth in Africa

As Africa's Fintech landscape evolves rapidly, driven by a dynamic ecosystem and a focus on closing the financial inclusion...
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