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)
- Industry
- Telecommunications
- Location
- São Paulo, Brazil
- Transaction Type
- Divestiture
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