**IHS Towers Cleans Up Assets Ahead of MTN Takeover** IHS Towers, one of Africa's leading telecommunications infrastructure companies, is undergoing a major restructuring of its portfolio as part of preparations for its planned acquisition by MTN Group. According to a recent report, the company is allowing troubled tenants to vacate its tower sites in exchange for cash repayments, reducing revenue risk and improving the reliability of its earnings. IHS Towers' business model relies on leasing space on its towers to mobile network operators. These operators install their equipment on the towers and pay recurring fees for access to the infrastructure and related services like power and maintenance. By replacing uncertain rental income with structured repayment commitments, IHS is future-proofing its business and making it more attractive to potential investors like MTN Group. The company has been working on streamlining its portfolio, and one of the key parts of this process was an updated agreement with T2 Mobile, a smaller Nigerian telecom operator that has struggled with liquidity in recent years. Under the deal, IHS allowed T2 Mobile to vacate 2,576 tower sites across Nigeria in exchange for a contractual commitment to repay portions of its historic overdue balances by July 2027. While the exact amount owed by T2 Mobile is not disclosed, IHS Towers has approximately $4.2 billion in gross debt. The arrangement contributed to a year-on-year loss of 3,836 tenants due to churn, but it also replaced an uncertain revenue stream with a structured cash repayment, providing a much-needed boost to the company's finances. The restructuring is seen as a strategic move by IHS Towers to prepare for its planned acquisition by MTN Group, which is valued at $2.2 billion. By cleaning up its portfolio and reducing revenue risk, IHS is making its assets more attractive to MTN and setting the stage for a successful takeover. The deal is expected to bring together Africa's largest mobile network operator with one of the continent's leading digital infrastructure platforms, creating a powerful partnership that will drive growth and innovation across African markets.