Nigeria, Feb. 18 -- The federal government has revealed its plan to review MTN's acquisition of IHS Towers to ensure the alignment of the deal with Nigeria's telecommunications development goals.

The MTN Group disclosed on Tuesday that it has agreed to acquire the remaining 75.3 per cent stake in IHS Towers for $6.2 billion.

In a statement Tuesday, the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, stated that the government will review the MTN-IHS Towers deal in collaboration with the relevant regulatory authorities to assess its impact on the sector.

Mr Tijani noted that the government has taken deliberate steps to stabilise and strengthen the telecommunications sector as a critical pillar of Nigeria's digi...