IHS Towers Acquires GTS SP5 Tower Portfolio (2,115 Towers)

February 1, 2022

IHS Holding Limited (IHS Towers) agreed to acquire São Paulo Cinco Locação de Torres Ltda. (SP5), a portfolio company of Grupo Torresur (GTS), for US$315 million on a cash- and debt-free basis. The transaction transfers ownership of 2,115 towers in Brazil to IHS and is expected to close subject to regulatory approvals in Q1 2022.

Buyers
IHS Holding Limited (IHS Towers)
Targets
São Paulo Cinco Locação de Torres Ltda. (SP5)
Sellers
Grupo Torresur (GTS)
Location
São Paulo, Brazil
Transaction Type
Divestiture

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