IHS towers and MTN Group have announced the strengthening of their strategic partnership through the renewal of infrastructure sharing and master lease contracts. Both companies have extended their communications infrastructure deals in Nigeria and completed the renewal of all contracts in the IHS Towers-MTN markets.
Also read: MTN Nigeria renegotiates tower lease agreements with IHS and ATC
Extension of contracts
In a joint statement, the companies said that now that their commercial relationship has been firmly established for the next decade, they will work together constructively to resolve previously raised governance issues.
Leases in six African markets
On August 7, 2024, the companies announced their agreement to provide all Nigerian tower Master Lease Agreements through December 2032. With this extension, IHS Towers and MTN Group have completed the extension of approximately 26,000 MTN lease agreements for IHS Towers’ infrastructure in six African markets: Nigeria, Rwanda, Ivory Coast, Cameroon, Zambia and South Africa.
Also read: MTN Nigeria selects ATC Nigeria for tower services as contracts near expiry
IHS Towers said, ''As our largest customer and longest-serving partner, we are proud to have completed the renewal of all leases with MTN Group in our African markets. Today, we strengthen our strategic relationship and commit to greater operational stability by securing our revenue streams for the next decade and leveraging our shared innovation to deliver critical connectivity and support digital inclusion across the African continent.''
Future plans for improved connectivity
MTN Group added: “The extension of various contracts in our markets over the next decade will place MTN's operations in the relevant markets on a more sustainable footing.”
Also read: Airtel Nigeria and IHS Towers renew and expand tower leasing partnership
Building on more than 20 years of commercial collaboration, both companies will leverage their shared operational excellence and technical expertise to meet the increasingly complex data requirements of end users, the official press release said.
