MTN Group has assured IHS Towers employees that they will maintain pay and core benefits for at least 12 months following the company’s acquisition of IHS.
The guarantee, outlined in merger documents filed with the U.S. Securities and Exchange Commission on February 18, covers 2,864 employees globally, including those in Nigeria, the company’s largest market.
Under the $2.2 billion deal, IHS Towers would become a wholly owned MTN subsidiary, integrating roughly 39,000 telecom towers across Africa, the Middle East, and Latin America.
The agreement includes maintenance of base salaries, comparable short-term cash incentives, health and welfare benefits, and recognition of prior years of service. Severance arrangements and equity awards will also be honored to ensure a smooth transition.
MTN’s commitment aims to maintain operational stability as two of Africa’s largest telecom infrastructure companies integrate their operations. Regulatory review is ongoing in Nigeria to ensure compliance with local labour laws.
