The Nigerian Communications Commission (NCC) has granted MTN Nigeria a conditional Approval-in-Principle (AiP) for its proposed acquisition of IHS Towers’ Nigerian business, adding a key regulatory milestone to MTN Group’s planned $2.2 billion acquisition of the remaining stake in the tower company.
The approval was granted in mid-July but remains subject to MTN Nigeria meeting safeguards and regulatory conditions set by the telecom regulator, according to Nnena Ukoha, NCC’s director of public affairs.
“The Commission granted Approval-in-Principle (AiP) to MTN Nigeria in mid-July, subject to certain safeguards and regulatory conditions,” Ukoha told TechCabal in a statement on Tuesday, August 25, 2026.
The NCC said final approval will only be issued after it confirms that MTN Nigeria has complied with the conditions attached to the AiP.
Originally published by TechCabal.