MTN’s IHS Towers Acquisition to Bring Stability to Nigeria’s Telecom Sector, Says ALTON

ALTON chairman Engr. Gbenga Adebayo made the remarks during a visit to the Nigerian Communications Commission (NCC), telling journalists that the transaction is a clear sign of a sector in good health.

“It speaks to the state of health of the industry,” Adebayo said, recalling that just a few years ago, the conversation in the sector was about survival, not growth. “Three years ago, we were talking about sustainability. Even those entities were struggling. This would not have happened then.”

IHS Towers, which operates roughly 16,000 towers across Nigeria, holds a central place in the country’s telecom infrastructure. Adebayo took a moment to celebrate its origins, noting that the company was founded by two Nigerian brothers, Sam and Mo, and built into a global brand from Nigerian soil — not the other way around.