The Nigerian network tower company, in which MTN holds a 29% stake, targets New York listing
IHS Towers, a Nigeria-born network tower company, has started the process for a stock market flotation in the US, putting MTN — which holds about a third of the company — on the path for a bumper payday.
On Friday, MTN said IHS, which runs the cellphone network infrastructure that beams wireless signals and is considered an intrusive neighbourhood eyesore, had filed a Form F-1 registration statement with the US Securities and Exchange Commission relating to a potential initial public offering on the New York Stock Exchange...
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