EDITORIAL: An IHS Towers listing would bring huge windfall to shareholder MTN
For MTN shareholders, the deal would take their company a step further in its ruthless prioritisation of returns and reduction of risks
IHS Towers certainly took its time to join the phone mast party but it will still enjoy the attention of investors and bring a huge windfall to one its biggest shareholders, MTN Group.
The operators of telecoms infrastructure that beams signals and is often considered an intrusive eyesore, set the ball in motion for a US initial public offering, marketing a portion of itself (nearly 25-million shares, at between $21 and $24 each, according to a filing the the US Securities and Exchange Commission lodged this week. ..