--- title: MTN to buy back its own cellular towers in R35-billion deal description: MTN Group agreed to acquire the remaining shares of IHS Towers for $2.2 billion, reversing its decade-long strategy of outsourcing tower infrastructure. The... canonical: https://daily.dev/posts/mtn-to-buy-back-its-own-cellular-towers-in-r35-billion-deal-8cqesjwke twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: MTN to buy back its own cellular towers in R35-billion deal | daily.dev og:description: MTN Group agreed to acquire the remaining shares of IHS Towers for $2.2 billion, reversing its decade-long strategy of outsourcing tower infrastructure. The... og:url: https://daily.dev/posts/mtn-to-buy-back-its-own-cellular-towers-in-r35-billion-deal-8cqesjwke og:image: https://api.daily.dev/og/posts/8CqesJWke.png og:image:alt: MTN to buy back its own cellular towers in R35-billion deal og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # MTN to buy back its own cellular towers in R35-billion deal **[TechCentral](https://daily.dev/sources/techcentral)** · 3 min read · 0 upvotes · 0 comments ## Summary MTN Group agreed to acquire the remaining shares of IHS Towers for $2.2 billion, reversing its decade-long strategy of outsourcing tower infrastructure. The deal values shares at $8.50 each, less than half the 2021 IPO price of $21. MTN will take the NYSE-listed company private and regain control of nearly 29,000 towers across Africa, aiming to internalize margins and improve cost predictability. The acquisition will be funded through IHS's cash reserves and MTN's existing liquidity. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [The real reason MTN is bringing its towers back in-house](https://daily.dev/posts/the-real-reason-mtn-is-bringing-its-towers-back-in-house-e1axot2ju) · TechCentral · 0 upvotes · 0 comments - [MTN is cooking with gas in Nigeria](https://daily.dev/posts/mtn-is-cooking-with-gas-in-nigeria-affqtanne) · TechCentral · 0 upvotes · 0 comments - [MTN lines up partners for African AI data centre play](https://daily.dev/posts/mtn-lines-up-partners-for-african-ai-data-centre-play-juhntcdis) · TechCentral · 0 upvotes · 0 comments - [Deutsche Telekom buys Macquarie’s Polish fibre and TV assets in a €1bn bet on convergence](https://daily.dev/posts/deutsche-telekom-buys-macquarie-s-polish-fibre-and-tv-assets-in-a-1bn-bet-on-convergence-fnrtytt0t) · The Next Web · 0 upvotes · 0 comments - [MTN South Africa hunts up to R6-billion in savings](https://daily.dev/posts/mtn-south-africa-hunts-up-to-r6-billion-in-savings-ucgmzhbok) · TechCentral · 0 upvotes · 0 comments --- Tags: [#business](https://daily.dev/tags/business), [#infrastructure](https://daily.dev/tags/infrastructure) [View this post on daily.dev](https://daily.dev/posts/mtn-to-buy-back-its-own-cellular-towers-in-r35-billion-deal-8cqesjwke) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"MTN to buy back its own cellular towers in R35-billion deal","url":"https://daily.dev/posts/mtn-to-buy-back-its-own-cellular-towers-in-r35-billion-deal-8cqesjwke","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/mtn-to-buy-back-its-own-cellular-towers-in-r35-billion-deal-8cqesjwke"},"datePublished":"2026-02-17T16:45:41.770Z","dateModified":"2026-02-17T16:46:02.643Z","description":"MTN Group agreed to acquire the remaining shares of IHS Towers for $2.2 billion, reversing its decade-long strategy of outsourcing tower infrastructure. 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