MTN Group Ltd. and IHS Holdings Ltd. agreed to a 6.4-billion-rand ($410 million) tower-deal in South Africa.

The sale-and-lease back transaction covers 5,709 sites, as well as power and related services to MTN’s entire tower portfolio in the country, the telecoms provider said. The money from the sale will be reinvested in securing additional spectrum in South Africa and also give it more flexibility with its finances.

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