MTN to absorb 2,762 IHS Towers employees as acquisition advances

MTN Group, Africa’s biggest telco, will absorb 2,762 IHS employees as part of its $2.2 billion acquisition of the infrastructure company.  

As part of the deal, MTN has pledged to guarantee salaries and core benefits for all incoming employees for at least one year. Under the agreement, employees will retain their base pay, bonuses, and core benefits at levels broadly comparable to their…