IHS and MTN: a relationship in decline?
IHS Towers faces off against rebellious shareholders as MTN Nigeria turns to American Tower
MTN and IHS Towers have been long-time partners for over 11 years, especially in Nigeria where the bulk of IHS’s sites are located. In a surprising move, MTN Nigeria has declined to renew one of their leases with IHS Towers for 2,500 towers and from 2025 will instead be switching equipment onto existing and new towers of competitor towerco American Tower.
MTN has selected competitor towerco American Tower to sign a new tenancy contract with that will include removing all equipment and power infrastructure from IHS Towers sites and relocate to American Tower sites.