International tower company IHS Holding has signed an agreement to purchase Sao Paulo-based infrastructure provider Cessao De Infraestruturas (Cell Site Solutions, CSS) from affiliates of Goldman Sachs and Centaurus Capital. Under the terms of the agreement, IHS will acquire 100% of CSS and the towerco will be fully integrated into IHS. On completion, which is subject to all necessary regulatory approvals, the management team and all employees will join IHS.
CSS owns approximately 2,290 towers and other telecoms infrastructure sites across Brazil, Peru and Colombia. The purchase price remains undisclosed.