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Home Companies Company News

DEAL: MTN Enters JV With IHS To Own & Operate 9,151 Tranmitter Towers in Nigeria

Nairametrics by Nairametrics
September 4, 2014
in Company News, Corporate deals
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South Africa’s MTN Group Ltd has agreed to form a joint venture with specialist tower company IHS that will own and operate MTN’s 9,151 transmitter towers in Nigeria, IHS said on Thursday. IHS did not reveal the deal’s value, but a source familiar with the matter told Reuters it was worth around $1.8 billion.

[Reuters]

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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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