Nigerian Company IHS Towers Acquires Brazil’s CCS From Goldman Sachs

Nigerias IHS Towers acquires Brazils Cell Site Solutions from Goldman Sachs

In a new development, Nigerian telecommunications company HIS Group announced on Monday that it has managed to acquire Cell Site Solutions, a Brazilian infrastructure company. The acquisition was made from Centaurus Capital LP and Goldman Sachs, but the value of the deal remains undisclosed.

The deal is part of a concerted effort from the company to become a major player in the telecommunications infrastructure markets in emerging regions. That being said, it should be noted that the acquisition will still need to be approved by the relevant regulators before it can be finalized.

Sam Darwish, the chief executive and chairman of HIS, spoke about the deal. He said,

Brazil’s topography and compact urban areas, coupled with the recent economic upturn, provide favourable macroeconomic factors for 4G and 5G deployment.

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Sheila Neal

Sheila Neal has recently joined FinanceLong team as a news editor having four years of experience in financial writing. She is an avid trader. She is actively involved in forex trading. She has master's degree in finance and covering stories on various fields: IPOs and equities.

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