IHS Towers grows its LATAM presence
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IHS Towers grows its LATAM presence

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Acquisition of 2,115 towers from Grupo Torresur helps cement its place as an emerging markets towerco leader

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.


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