IHS Towers Set for $6.2 Billion Buyout, Sells Latin American Assets to Macquarie
MTN Group will acquire IHS Towers in an all-cash $6.2 billion deal valuing shares at $8.50 each, representing a 36% premium to the 52-week average and a 239% premium over March 2024 levels. IHS also agreed to sell its South American tower portfolio to Macquarie Asset Management.
1. MTN Agrees to Acquire IHS Towers for $6.2 Billion
IHS Holding Limited and MTN Group Limited have signed a definitive merger agreement under which MTN will acquire all outstanding shares of IHS Towers in an all-cash transaction valuing the company at approximately $6.2 billion. Shareholders will receive $8.50 per ordinary share, reflecting a 36% premium to the 52-week volume-weighted average price and a 239% premium over its March 2024 share price. The deal, unanimously approved by the IHS board and backed by major shareholder Wendel, is expected to close in 2026 subject to shareholder and regulatory approvals.
2. Sale of South American Tower Operations to Macquarie
IHS also reached an agreement to sell its Latin American tower business to Macquarie Asset Management, streamlining its portfolio and focusing on core markets. The transaction will transfer ownership of all South American towers to Macquarie, providing IHS with capital to support its pending MTN acquisition and overall liquidity strategy.