Nigeria approves MTN's $6.2B IHS acquisition with local ownership condition

JUST IN: Nigeria has approved MTN's $6.2 billion acquisition of IHS Holdings.
The approval comes with one major condition: MTN must sell a 30% stake in its Nigerian tower unit to local investors.
The requirement shows regulators are willing to approve large foreign-led telecom consolidation while still pushing for greater domestic ownership.
For investors, the deal expands MTN's infrastructure control but also adds another layer of execution around the mandated local stake sale.