The telecommunications infrastructure company IHS Holdings Limited says that it has signed a definitive agreement to acquire Brazil’s Cell Site Solutions (CSS). The deal gives IHS Holdings full ownership of the Sao-Paolo-based infrastructure solutions provider.
IHS Holdings says that it acquired CSS from “affiliates of Goldman Sachs and Centaurus Capital LP. The financial details of the deal were not disclosed.
Brazil’s regulatory authorities still have to sign off on the deal and IHS says that once these apporovals are granted, IHS will absorb CSS’s entire workforce.
IHS founder Sam Darwish said that he is very excited by the “strategic” acquisition which will further cement IHS’s position as a leading player in the telecommunications infrastructure construction and maintenance sector across global emerging markets.
“I am delighted to announce that through the acquisition of CSS, IHS is expanding its footprint into Latin America. In particular, and as the largest market within this region, Brazil offers an exciting platform enabling us to go deeper into this new geography. Brazil’s topography and compact urban areas, coupled with recent economic upturn, provide favourable macroeconomic factors for 4G and 5G deployment.
“As networks prepare for 5G transition, IHS will be well placed to deliver on these demands following our exceptional 18-year track record globally coupled with the excellent track-record of the CSS management team over the last six years. We are also very excited about providing our vast range of offerings to the markets in Peru and Colombia.”
IHS was founded by Sam Darwish in 2001 and he currently serves as its Chairman and Chief Executive Officer. The company currently operates more than 23, 000 towers in Africa, many of which are in Nigeria.