MTN Group and IHS Towers pledged to work constructively to resolve a governance issue as the firms push to bolster their relationship after resolving disagreements last year.
The pair said in a statement they aim to find a mutually agreed solution to a governance row raised in 2023, when MTN lashed out at IHS for capping its voting rights at 20%.
MTN has a 26% stake in IHS and wanted more influence to vote in board members, which IHS pushed back on.
Relations between the operator and towerco strained leading to MTN Nigeria striking a deal with American tower to take control of 2,500 of its sites staring in early 2025 from IHS.
Both companied made peace last week by agreeing a new deal to extend Nigerian tower Master Lease Agreements until December 2032 under new financial terms. They also renewed two management deals across 26,000 MTN sites across six African markets.
MTN Group President and CEO Ralph Mupita said: “The renewal of the various contracts across our markets into the next decade put MTN operations in the respective markets onto a more sustainable footing. We remain focused on ensuring our networks are well invested, have high availability and have the headroom to meet the growing and structural demand for data going into the future. These renewals are key to those priorities. We look forward to working constructively with IHS on the outstanding governance issues now that commercial arrangements have been concluded.”
