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MTN Group has secured conditional approval from Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) for its acquisition of the remaining stake in IHS Towers, clearing a major regulatory hurdle in its $2.2 billion takeover of the tower company.
The approval comes with a condition that MTN must sell down up to 30% of its stake in the Nigerian component of IHS at market prices over time.
“MTN is comfortable with the conditions as set out,” the company said in its interim financial results for the six months ended 30 June 2026.
The condition addresses a central competition concern: IHS Nigeria operates nearly 16,000 telecom towers used by MTN Nigeria and rivals including Airtel and T2 Mobile. Giving MTN full ownership could have given a dominant operator control over infrastructure its competitors rely on to run their networks.
