The updated agreement renews and extends around 2,500 MTN Nigeria tenancies, which were set to expire at the end of 2024 and in 2025. Additionally, IHS Towers will renew 1,430 tenancies and include new collocations under the new terms.
This renewal is a significant development for both companies, highlighting the importance of their partnership.
The new contracts feature updated financial terms, providing a more sustainable balance between local and foreign currency components, and include a diesel-linked component.
IHS noted that this arrangement underscores the importance of its infrastructure and the robust operational relationship with MTN Nigeria, which has approximately 79 million subscribers.
