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MTN Group has secured shareholder approval to acquire the remaining shares in IHS Holding Limited, clearing a major hurdle in its plan to take full ownership of the telecommunications tower company.
IHS shareholders approved the transaction at an Extraordinary General Meeting held on August 4, 2026, meeting the required two-thirds majority for the special resolution.
The approval allows MTN to proceed with the merger, under which a Sub-Merger Co – a temporary company established by MTN for the transaction – will merge into IHS and cease to exist. IHS Holding Limited will remain the surviving legal entity and become a wholly-owned subsidiary of MTN.
Once completed, IHS will be delisted from the New York Stock Exchange, ending its status as a publicly traded company. The merger structure itself does not alter IHS’s legal identity. The company will retain its existing corporate registration, contracts, licences and permits unless MTN subsequently decides to restructure or rebrand the business. MTN announced its agreement to acquire the remaining IHS shares in February 2026, and the shareholder vote represents one of the key conditions required to complete the transaction.
