IHS Towers makes waves in Brazil
IHS Towers joins the consolidation party in Brazil, but what’s next in the country and for the global giant?
IHS Towers continues to grow in Latin America with the acquisition of over 800 sites in two markets. Centennial Towers, which had built sites Brazil, Colombia and Mexico and was one of the last PE-backed towercos in Brazil has successfully exited in two markets. In this article TowerXchange takes a look at the deals and where they leave IHS Towers which has been on a global shopping spree of late. We also take a look at consolidation in Brazil and what’s left to acquire.
On 12 April 2021, IHS Towers announced the acquisition of Centennial Towers’ Brazilian and Colombian tower operations, totally 819 towers.