MTN’s R36bn IHS takeover gets Competition Commission nod – with strict conditions
The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction in which MTN, through its Cayman‑registered subsidiary Sub‑Merger Co, intends to acquire global tower operator IHS Holding Limited, subject to conditions to safeguard competition and the public interest.
Competition concerns The Commission noted that the merger could affect market dynamics, particularly in the tower infrastructure sector, where IHS provides services to multiple mobile network operators (MNOs).
The Commission found that while the deal would consolidate MTN’s position in the communications infrastructure market, it raised concerns around employment, customer rights, historically disadvantaged persons (HDPs) ownership, and fair access to tower infrastructure.
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