Scancom Limited (MTN Ghana) announced on 6 December 2010 that it has concluded a transaction with American Tower Company (ATC) which involves the sale of up to 1 876 of MTN Ghana’s existing BTS sites to TowerCo Ghana for an agreed purchase price of approximately USD428,3 million. 2% of the shareholding in TowerCo Ghana will be held by local non-controlling shareholders and the remaining 98% by TowerCo Ghana’s holding company. ATC will hold a 51% stake in TowerCo Ghana’s holding company, with the remaining 49% stake held by MTN Dubai Limited. MTN Ghana will be the anchor tenant, on commercial terms, on each of the towers being sold. The transaction is expected to close in 2011, subject to customary closing conditions.