Macquarie Asset Management, on behalf of a privately managed infrastructure fund, has agreed to acquire the South American wireless tower operations of IHS Mauritius BR Limited, part of IHS Holding Limited, (NYSE: IHS) ("IHS Towers"). The transaction implies an enterprise value of approximately R$3,550 million (US$685 million).1
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, by tower count. Under the terms of the agreement executed today, Macquarie Asset Management will acquire over 8,500 sites in Brazil and 270 sites in Colombia. Towers are critical infrastructure supporting mobile networks, and this investment continues MAM's nearly 20-year track record of managing mobile tower platforms in the Americas.
"We expect further wireless and digital infrastructure investment will be required to support 5G network buildout in Brazil and Colombia over the next several years," said Fernando Lohmann, Brazil Country Lead for Macquarie Asset Management. "We are proud to contribute to the strengthening of Brazil and Colombia's critical infrastructure through the acquisition of the IHS tower platform in our region."
Sam Darwish, Chairman & CEO, IHS Towers, commented, "We are today announcing the sale of our Latam tower operations to Macquarie Asset Management, marking our exit from the Latam region. We are deeply grateful to our colleagues, customers and other stakeholders who have enabled us to scale our Latam tower portfolio."
The acquisition will broaden Macquarie Asset Management's portfolio of infrastructure in Brazil and Colombia, which already includes investments in the digital infrastructure, waste management, transportation and green energy sectors. This investment continues Macquarie Asset Management's commitment to driving long-term growth, sustainable development and social impact as we continue to build specialist expertise across all our businesses in South America.
The transaction is expected to close later in 2026, subject to, among other things, the satisfaction of certain conditions being met.
