IHS Holding has completed the acquisition of Skysites Holdings, a provider of small cells and urban telecommunications infrastructure in Brazil.
Skysites’ operations, which comprise approximately 1,000 sites, along with access to premium real estate locations in urban settings, will be integrated into IHS Towers’ Brazilian operations over the coming months.
The acquisition is the second IHS Towers transaction in 12 months in Brazil.
The acquisition highlights the continuation of IHS Towers’ growth strategy and further consolidates IHS Towers’ 20-year emerging markets track record.
This acquisition will enhance IHS Towers’ customer offering and ensure it is well-positioned to support the upcoming roll-out of 5G across Brazil.
IHS Towers entered Brazil last year with the acquisition of Cell Site Solutions.
Brazil represents a key market for us with its exceptional growth potential and, through this transaction, we are significantly increasing our market presence, says Sam Darwish, chairman and chief executive officer of IHS Towers.
IHS Towers has more than 28,700 telecom towers across nine markets such as Brazil, Cameroon, Colombia, Côte d’Ivoire, Kuwait, Nigeria, Peru, Rwanda and Zambia.