MTN seeks local investors for $1.1bn IHS Nigeria stake to meet deal condition

BusinessDay | 26-08-2026 11:15pm |

MTN Group is seeking Nigerian investors to purchase a 30 percent stake in IHS Nigeria, a move that could raise approximately $1.1 billion. This sale is part of a condition to complete a deal, likely related to regulatory requirements or debt reduction. The company is looking to local investors to facilitate the transaction. The stake sale is expected to attract significant interest from Nigerian financial institutions.

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