IHS Towers has further expanded its LATAM footprint with the acquisition of 2,115 sites from Grupo Torresur. The deal is a partial acquisition of Grupo Torresur’s sites in Brazil and sees IHS Towers’ count there grow to at least 6,465 sites. IHS Tower is paying US$315mn in cash for the 2,115 sites of São Paulo Cinco Locação de Torres Ltda. (“SP5”), a Grupo Torresur portfolio company. Torresur owned over 2,800 sites in Brazil, so this deal leaves Torresur with a small portfolio of sites elsewhere in the country. The deal, which is expected to close later in Q1 2022, is only the latest in a string of acquisitions which has seen IHS Towers grow to substantial scale in Brazil.
IHS Towers grows its LATAM presence
