Nigeria’s NCC grants MTN conditional approval for IHS deal

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The Nigerian Communications Commission (NCC) has granted MTN Nigeria a conditional Approval-in-Principle (AiP) for its proposed acquisition of IHS Towers’ Nigerian business, adding a key regulatory milestone to MTN Group’s planned $2.2 billion acquisition of the remaining stake in the tower company.

The approval was granted in mid-July but remains subject to MTN Nigeria meeting…

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