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The Competition Commission announced on Wednesday evening that it has approved, with conditions, MTN’s sale of 5,713 cellular masts in South Africa to IHS Holding Limited (IHS Towers).
MTN and IHS confirmed the deal in November last year.
After the merger, a significant portion of MTN South Africa’s towers will be wholly owned by a subsidiary of IHS Towers — a public company listed on the New York Stock Exchange.
In turn, IHS Towers will form a South African subsidiary, IHS Towers South Africa (Pty) Ltd, which will hold these tower assets…
