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Wednesday, Apr 1, 2020
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IHS Towers acquires Brazilian telecommunications facilities

IHS Towers buys Brazilian telecoms infrastructure company CCS for undisclosed amount

SAO PAULO (Reuters) – Mauritius-headquartered telecommunications team IHS Towers claimed on Monday it has actually consented to get Brazilian telecommunications facilities firm Cell Website Solutions (CSS) from Goldman Sachs as well as Centaurus Funding LP for a concealed quantity, to increase in Latin America.

The procurement becomes part of IHS’s technique to end up being the a leading proprietor, driver as well as programmer of common telecoms facilities in arising markets.

” Brazil’s topography as well as portable metropolitan locations, paired with the current financial upturn, give beneficial macroeconomic aspects for 4G as well as 5G release,” IHS’s chairman as well as president Sam Darwish claimed in a declaration.

The deal, which was initially reported by papers O Estado de S.Paulo as well as Valiance Econômico, goes through regulative authorization, IHS included.

According to the firm, CSS has roughly 2,290 towers as well as various other telecommunications facilities websites throughout Brazil, Peru as well as Colombia.

( This tale crrects to claim firm headquartered in Mauritius in heading as well as very first paragraph)

Coverage by Gabriela Mello, editing and enhancing by Louise Heavens

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