MTN Group has secured conditional approval from Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2 billion acquisition of IHS Holding Limited, marking significant progress toward completing one of Africa’s largest telecommunications infrastructure transactions.
The development was disclosed in MTN Group’s half-year 2026 financial results released on Monday.
What they are saying
According to MTN Group, the proposed transaction continues to progress through the required regulatory approval processes, with several key clearances already obtained.
The conditional approval from the FCCPC represents another major regulatory milestone for the acquisition, although the transaction remains subject to the completion of outstanding regulatory requirements and other conditions.
The proposed deal is expected to further strengthen MTN’s position in Africa’s telecommunications infrastructure market and expand its exposure to the infrastructure supporting mobile and digital connectivity across the continent.
