Share

MTN Secures Conditional FCCPC Approval for IHS Acquisition; Announces Share Buyback

MTN Group has received conditional approval from the Federal Competition and Consumer Protection Commission (FCCPC) for its $6.2 billion acquisition of IHS Holding Limited. The regulator requires MTN to gradually sell down 30% of its stake in the Nigerian component of the business. Additionally, MTN Group announced a R6 billion ($375 million) share repurchase program following a strong first-half performance for 2026, which saw a 24.4% increase in EBITDA to R56 billion and a 6.7% rise in total subscribers. The company expects continued momentum in the second half of the year, driven by digital adoption and network infrastructure growth.

Share

guest
0 Comments
Oldest
Newest Most Voted

Reach us.

Have a question, idea or inquiry? We’d love to hear from you.

0
Would love your thoughts, please comment.x
()
x