In a cautionary announcement to investors, MTN said any potential offer would be pitched near IHS’ last closing price on the New York Stock Exchange, noting the share price “has risen recently”. IHS shares closed 5 per cent lower at $8.23 prior to the announcement, giving the company a market capitalisation of approximately $2.8 billion. MTN warned the potential acquisition “could significantly impact” its share price, advising shareholders to “exercise caution” when trading securities “until further notice”. SubscribeStrategy shiftMTN is already a major shareholder in IHS with a 25 per cent stake, while the remaining stake is held by institutional investors and individuals. The operator is also its largest customer, leasing towers across key markets including Nigeria and South Africa.

Source: The North Africa Journal February 05, 2026 14:32 UTC