Tower infrastructure provider IHS has indicated it declined mobile operator MTN’s demands to amend shareholder voting rights at the firm.This, after MTN this week issued a, accusing IHS of wilfully breaching the shareholders’ agreement and articles over voting powers.
Earlier this month, Bloomberg reported the IHS annual meeting devolved into a tense standoff over investor power, after the tower operator dismissed demands from two of its largest stakeholders. In a statement to ITWeb, IHS says: “The IHS Towers board unanimously determined that the recent shareholder proposal requested by MTN was not in the best interests of IHS Towers as a whole, or our collective shareholder base and, in accordance with our articles and shareholder agreement, declined the request to submit the proposal to shareholders at our annual general meeting.”
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