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CORRECTED-IHS Towers buys Brazilian telecoms infrastructure company CCS for undisclosed amount

Published 24/12/2019, 12:17
© Reuters.  CORRECTED-IHS Towers buys Brazilian telecoms infrastructure company CCS for undisclosed amount

(Corrects to say company headquartered in Mauritius in headline
and first paragraph)
SAO PAULO, Dec 23 (Reuters) - Mauritius-headquartered
telecoms group IHS Towers said on Monday it has agreed to buy
Brazilian telecoms infrastructure company Cell Site Solutions
(CSS) from Goldman Sachs and Centaurus Capital LP for an
undisclosed amount, to expand in Latin America.
The acquisition is part of IHS's strategy to become the a
leading owner, operator and developer of shared
telecommunications infrastructure in emerging markets.
"Brazil's topography and compact urban areas, coupled with
the recent economic upturn, provide favorable macroeconomic
factors for 4G and 5G deployment," IHS's chairman and chief
executive Sam Darwish said in a statement.
The transaction, which was first reported by newspapers O
Estado de S.Paulo and Valor Econômico, is subject to regulatory
approval, IHS added.
According to the company, CSS has approximately 2,290 towers
and other telecoms infrastructure sites across Brazil, Peru and
Colombia.

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