Acquisition of new telecom towers in the Middle East and Latin America
In early 2020, IHS finalized the acquisition of around 1,600 telecom towers in Kuwait from Zain. This represented a major transaction for the leader in telecom infrastructure networks in the EMEA region.
In the first quarter of 2020, IHS also finalized the acquisition of Cell Site Solutions – Cessão De Infraestruturas S.A. (CSS), a Brazilian company based in São Paulo. CSS has nearly 2,300 towers, along with telecom infrastructure sites in Brazil, Peru and Colombia.
IHS will thus have around 28,000 towers under management in Africa, the Middle East and Latin America.
“The year is off to a very promising start for IHS. These acquisitions will extend our presence in the world and bring our increased connectivity services to emerging markets,” commented Sam Darwish, Founder, Executive Vice-President and CEO of IHS.
For more information, please read the press releases published: