IHS Towers Focuses on Africa as MTN Deal Nears Completion

IHS Towers has finalized its exit from Latin America, selling its operations to Macquarie Asset Management in a move that streamlines the company’s portfolio ahead of its acquisition by MTN Group. The transaction, which closed on August 7, 2026, follows an agreement announced earlier this year and includes IHS Brazil and Colombia—approximately 9,000 tower sites combined.

The divestment aligns with MTN’s plan to acquire only the company’s African assets as part of the deal. With this sale complete, all non-African operations have been divested, simplifying the acquisition process and focusing it on IHS’s core market strength.

IHS remains focused on its substantial presence in Africa, where it operates over 28,000 towers across key markets like Nigeria, South Africa, Côte d’Ivoire, Cameroon, and Zambia. The company’s African portfolio represents the largest share of its revenue and growth potential.

The sale to Macquarie Asset Management—which manages $477 billion globally—provides IHS with significant proceeds to reinvest in its African business while offering a strong partner for continued development of digital infrastructure in Latin America.

This strategic shift underscores IHS’s commitment to emerging markets, particularly in Africa, where demand for reliable telecommunications infrastructure continues to grow rapidly. With the divestment complete and shareholder approval secured, the MTN acquisition is expected to close pending regulatory approvals.