IHS Towers has decided to seek advice from JPMorgan amid concerns of a potential hostile takeover by MTN Group and Wendel. IHS Towers is one of the largest telecommunications infrastructure companies in Africa, with a network of over 33,000 towers across the continent. A potential takeover by MTN and Wendel would face regulatory hurdles in several African countries and is part of a broader trend towards consolidation in the African telecommunications industry.
- IHS Towers, a Nigerian telecommunications infrastructure company, has reportedly sought advice from JPMorgan amid concerns of a potential hostile takeover by MTN Group and Wendel.
- MTN and Wendel are considering a joint bid for IHS Towers, which would give them control of a significant portion of Africa’s telecommunications infrastructure.
- IHS Towers is one of the largest telecommunications infrastructure companies in Africa, with a network of over 33,000 towers across the continent.
- A potential takeover of IHS Towers by MTN and Wendel would face regulatory hurdles in several African countries.
- The management of IHS Towers is reportedly concerned about the potential impact of a takeover on the company’s operations and employees. The article notes that a potential takeover of IHS Towers would be part of a broader trend towards consolidation in the telecommunications industry in Africa.