IHS Towers has completed the sale of its Latin American tower operations to Macquarie Asset Management, exiting the region as the company reshapes its portfolio ahead of MTN Group’s planned acquisition.
IHS Mauritius BR Limited, a subsidiary of IHS Holding Limited, completed the transaction on August 7, 2026, following an agreement announced in February. The deal covers IHS Brazil and IHS Colombia, comprising approximately 9,000 tower sites.
The sale marks IHS Towers’ complete exit from Latin America, leaving the company focused on its African operations, where it has more than 28,000 towers across Nigeria, South Africa, Côte d’Ivoire, Cameroon and Zambia.
The divestment also aligns with MTN’s plan to acquire the remaining shares in IHS and take the tower company private.
In a statement to shareholders, note-holders, and the media, including TechCabal, MTN said the completion of the sale “aligns with the intention by MTN to acquire only IHS’s African assets as part of the Transaction.”
MTN announced the proposed acquisition in February. On August 5, IHS shareholders approved the merger at an extraordinary general meeting, satisfying one of the conditions required for the transaction to proceed.
With the Latin American assets now divested, the proposed acquisition is focused solely on IHS’s African tower portfolio, simplifying the transaction structure and aligning it with MTN’s strategic priorities.
JP Morgan advised IHS on the transaction. Macquarie Asset Management, the buyer, manages approximately $477 billion in assets globally.
For IHS, the sale marks a significant strategic retreat as the company narrows its focus to emerging African markets. For MTN, it removes IHS’s Latin American operations from the proposed acquisition and strengthens its focus on African digital infrastructure.
The broader acquisition, however, is still pending. MTN said the deal remains subject to regulatory approvals, which are still being processed. IHS shareholders approved the MTN Group acquisition on Wednesday, August 5, 2026.
The acquisition remains subject to regulatory approvals. Once completed, it will give MTN full ownership of IHS’s remaining African tower business, strengthening its control over one of the continent’s largest independent telecommunications infrastructure portfolios.
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