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Story summary
- MTN Group will acquire IHS Towers for about $6.2 billion, valuing shares at $8.50 and a 239% premium.
- MTN Group will own 100% of IHS Towers, making it a wholly owned subsidiary.
- The board approved the deal unanimously.
- Funding will come from MTN Group's cash reserves and IHS Towers' balance sheet.
- Completion is expected in 2026, subject to regulatory and shareholder approvals.
