Earlier this week, MTN issued a strongly worded statement, calling out ‘governance concerns at IHS’
IHS is afraid that MTN, one of its largest shareholders, could team up with another investor or parties to launch a hostile takeover of the Nigerian tower business.
Tension continues to mount between MTN and IHS Towers. Earlier this week, Africa’s largest cellphone network provider issued a strongly worded statement, calling out “governance concerns at IHS”...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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MTN demands extraordinary meeting amid battle with NYSE-listed IHS | BusinessAfrica's largest mobile operator, MTN, has called for an extraordinary shareholders' meeting of New York-listed IHS Towers as it battles the group's board over voting rights. | News24_Business
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MTN accuses IHS of breaching shareholders’ agreementThe telco has requested the IHS board to call an extraordinary general meeting over governance issues at the tower firm.
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MTN voting rights proposal isn’t in our best interests, IHS saysTower company also says the mobile operator lacks the authority to call an emergency shareholders meeting
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IHS wants to preserve independence from MTNIHS Towers has declined mobile operator MTN’s demands to amend shareholder voting rights at the firm. VotingRights
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COMPANIES: MTN’s battle with the operator of its cellphone towers in SA intensifiesMTN, Africa’s biggest mobile operator, has taken the extraordinary step of publicly accusing IHS Towers of governance problems. To fix the problems, MTN has called for an emergency shareholders’ meeting, which IHS appears to have rebuffed.
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Cell C finishes switching off its towersCell C now relies entirely on MTN and Vodacom to provide cellular connectivity.
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