IHS Holding Limited (IHS Towers) has completed the acquisition of Sao Paulo Cinco Locacao de Torres (SP5), a Grupo TorreSur (GTS) portfolio company. The acquired assets include 2,115 towers and the deal increases IHS Towers’ total Brazilian tower count to 6,745. The towerco also operates a secondary fibre network which passes approximately 6.4 million homes. The purchase price of the transaction, on a cash and debt free basis, is USD315 million.
Sam Darwish, IHS Towers chairman and CEO, commented: ‘I am pleased to announce the completion of our fifth transaction in Latin America since our entry into the region in 2020, and the continued strengthening of our market position. More recently, the GTS transaction complements the 2021 acquisitions of Skysites, Centennial and I-Systems, which combined, further enhances our ability to support the upcoming rollout of 5G in Brazil.’