The deal will see approximately 1,000 of Skysites’ sites, along with access to tens of thousands of real estate locations in urban settings, integrated into IHS Towers’ Brazilian operations over the coming months.
Sam Darwish (pictured), IHS Towers chairman and group CEO, said: “I am delighted to announce our acquisition of Skysites in Brazil, an acquisition which further reflects our strategic growth ambition in global emerging markets. Brazil represents a key market for us with its exceptional growth potential and, through this transaction, we are significantly increasing our market presence following our entry into the region last year with the acquisition of Cell Site Solutions.”
This is the second acquisition in Brazil by IHS Towers in the last 12 months and aligns with its growth strategy. The company said this latest deal will "enhance IHS Towers’ customer offering and ensure it is well-positioned to support the upcoming roll-out of 5G across Brazil".
Roberto Nishikawa, Skysites’ CEO and chairman, said: “We are proud to have built our extensive and unique portfolio of tens of thousands of premium real estate locations in highly dense urban regions in preparation for the upcoming roll-out of 5G. We are extremely happy to have concluded this transaction with IHS Towers who recognize our competitive advantages and unique business model.
"I would like to thank my team and our shareholders for all their support in what we have accomplished.”
