MTN Group has put a 30% stake in IHS Nigeria up for sale to local investors in its bid to acquire a 75% stake in the company. This is part of the conditions given by the Federal Competition and Consumer Protection Commission (FCCPC).
This week, MTN Group secured conditional approval from Nigeria’s FCCPC for its proposed $6.2 billion acquisition of IHS Holding Limited.
According to Bloomberg, the proposed stake will be sold for between $900 million and $1.1 billion. The sale is meant to reduce the debt linked to the IHS transaction.
MTN Group Chief Executive Officer, Ralph Mupita, said proceeds from any sell-down would be used to pay IHS-related debt, adding that the deal would be calculated based on market valuation.
IHS has become one of the largest independent telecom tower operators in Africa. It holds an estimated 41% share of the evaluated tower market, controlling approximately 16,500 towers.
Meanwhile, MTN continues to consolidate its position in Africa’s telecom infrastructure market and push its fintech ambitions. In 2022, it agreed to sell more than 5,700 sites in South Africa to IHS Towers as part of the companies’ broader infrastructure partnership.
In August 2026, MTN Group also shared that it was exploring banking licences in select markets as it considers expanding its lending business.
Last updated: August 27, 2026
