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IHS Towers Exits Brazil in Near USD 1bn Sale to Macquarie

UK-based IHS Towers has agreed to sell its Latin American tower business, including its Brazilian operations, to Macquarie Asset Management for an enterprise value of approximately USD 952mn. The deal includes 8,500 sites in Brazil and 270 sites in Colombia., providing Macquarie with significant exposure to the country’s growing mobile infrastructure market, driven by 5G rollout and network densification. For IHS, the divestment supports its strategy to simplify its portfolio and refocus on core markets, while Macquarie gains stable, long-term contracted revenue assets.