IHS Towers coughs up $413m for 5,700 MTN sites

Telco tower assets are changing hands at a rapid rate; this week the action is taking place in South Africa.
IHS Towers, which boasts more than 30,500 towers spreading from Peru to Kuwait via Sub-Saharan Africa, on Wednesday agreed a 6.4 billion rand ($413 million) buy and leaseback deal with MTN involving 5,709 sites. The deal will also see IHS provide power-as-a-service (PaaS) to 12,800 MTN towers, including those it has just acquired.
“I am exceptionally proud to announce IHS’ cre