MTN Group Acquires IHS Towers in $6.2 Billion All-Cash Deal

Macquarie Asset Management Acquires IHS Towers’ South American Wireless Tower Operations

February 17, 2026

Infrastructure

Macquarie Asset Management, acting on behalf of a privately managed infrastructure fund, acquired the South American wireless tower operations of IHS Mauritius BR Limited, part of IHS Holding Limited (IHS Towers). The transaction includes more than 8,700 tower sites in Brazil and about 250 sites in Colombia and strengthens Macquarie’s long-term digital infrastructure portfolio in Latin America.

Power International Holding Acquires Mobile Telecom-Service (MTS) from Kazakhtelecom

January 20, 2025

Telecommunications

Power International Holding (PIH) has completed the acquisition of 100% of Mobile Telecom-Service LLP (MTS), the operator behind Altel and Tele2, from Kazakhtelecom JSC following an initial February 2024 agreement and a definitive SPA signed June 4, 2024. The leveraged buyout—financed by an international syndicate led by Citi and QNB—adds Kazakhstan-based MTS (about 2,000 employees and 140+ retail stores) to PIH's telecommunications platform as part of the group's geographic expansion into Kazakhstan.

DigitalBridge to Acquire Telenet's Mobile Telecommunications Tower Business in Belgium

March 25, 2022

Infrastructure

DigitalBridge Investments, LLC (an affiliate of DigitalBridge Group) has agreed to acquire Telenet Group Holding NV’s mobile telecommunications tower business (“TowerCo”) for €745 million (cash-free, debt-free). The deal will create Belgium’s first independent TowerCo, giving DigitalBridge ownership of 100% of Telenet’s tower and passive infrastructure assets, with 3,322 sites nationwide.

Intel Acquires Tower Semiconductor for $5.4 Billion

February 15, 2022

IT Services

Intel has signed a definitive agreement to acquire Tower Semiconductor for $53 per share in cash, valuing the deal at approximately $5.4 billion. The acquisition advances Intel’s IDM 2.0 strategy by combining Intel Foundry Services’ leading-edge capacity with Tower’s specialty analog technologies and customer-first foundry footprint.

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

February 1, 2022

Telecommunications

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.

Phoenix Tower International Acquires Tower Ventures Holdings (197 U.S. Tower Sites)

March 5, 2020

Telecommunications

Phoenix Tower International (PTI) has acquired a 100% ownership interest in Tower Ventures Holdings, LLC and related entities, gaining ownership of 197 wireless communication towers across the United States. The deal — terms confidential — expands PTI's U.S. tower portfolio ahead of 5G deployments; Tower Ventures is a Memphis, Tennessee–based tower operator previously owned by its management team with an investment from BBH Capital Partners.