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

Macquarie Asset Management to Acquire IHS Towers’ South American Wireless Tower Operations

February 17, 2026

Infrastructure

Macquarie Asset Management, on behalf of a privately managed infrastructure fund, agreed to acquire IHS Towers’ South American wireless tower operations. The deal covers more than 8,500 tower sites in Brazil and 270 sites in Colombia, with closing expected later in 2026 subject to conditions.

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.

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.

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.

GISI to Acquire Hill International in All-Cash Merger

August 16, 2022

Professional Services

Global Infrastructure Solutions Inc. (GISI) and Hill International, Inc. announced a definitive all-cash merger valued at approximately US$173 million (plus assumed debt) to combine their construction management and infrastructure consulting businesses. The boards approved the deal and it is expected to close in the fourth quarter of 2022, pending regulatory review.

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.