IHS Towers has finalized a key debt restructuring agreement with 9mobile, now operating as T2 Mobile, allowing the telco to vacate 2,576 tower sites across Nigeria. This structured repayment plan, extending through July 2027, was detailed in IHS’s 2025 financial results released on March 16, marking a significant step in the company’s portfolio optimization.
The arrangement builds on actions initiated in November 2025, when IHS directed T2 Mobile to exit the sites due to outstanding payments, contributing to a year-on-year tenant reduction of 3,836. IHS ended the period with 37,590 net towers and Q4 revenue of $397.8 million, underscoring operational resilience in its core Nigerian market, which generated $268 million in Q3 alone.
This move aligns with IHS’s preparations for MTN Group’s proposed $2.2 billion acquisition, announced in February 2026 and advancing through regulatory approvals. By resolving legacy obligations, IHS strengthens its balance sheet, enhancing appeal to stakeholders ahead of the merger’s completion.
For T2 Mobile, the deal provides financial relief, enabling a streamlined network strategy amid ongoing challenges. Industry analysts view the transaction as a pragmatic resolution that supports Nigeria’s telecom infrastructure stability while paving the way for consolidated market leadership under MTN.
