MTN ties up sale and leaseback of towers in R6.2bn deal
17 November 2021 - 10:01
Africa’s largest mobile operator, MTN, has concluded the sale and leaseback of its SA towers with Nigeria’s IHS Towers in a R6.2bn deal that aligns with MTN’s goal of exiting noncore assets.
MTN said on Wednesday it will reinvest the proceeds into strategic growth initiatives, such as securing high-demand spectrum frequencies...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now