Nigeria’s IHS Towers expands into Latin America, buys Brazil’s firm Cell Site Solutions

Nigerian telecoms group IHS Towers is expanding into Latin America, by buying Brazilian telecoms infrastructure company Cell Site Solutions (CSS).

The purchase from Goldman Sachs and Centaurus Capital LP for an undisclosed amount, was disclosed on Monday

The acquisition is part of IHS’s strategy to become the 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 favourable 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