IHS Towers Buys Brazilian Telecoms Infrastructure Company CCS for Undisclosed Amount
December 27, 2019 | ReutersEstimated reading time: Less than a minute
Mauritius-headquartered telecoms group IHS Towers said on Monday it has agreed to buy Brazilian telecoms infrastructure company Cell Site Solutions (CSS) from Goldman Sachs and Centaurus Capital LP for an undisclosed amount, to expand in Latin America.
The acquisition is part of IHS’s strategy to become the a leading owner, operator and developer of shared telecommunications infrastructure in emerging markets.
“Brazil’s topography and compact urban areas, coupled with the recent economic upturn, provide favorable macroeconomic factors for 4G and 5G deployment,” IHS’s chairman and chief executive Sam Darwish said in a statement.
The transaction, which was first reported by newspapers O Estado de S.Paulo and Valor Econômico, is subject to regulatory approval, IHS added.
According to the company, CSS has approximately 2,290 towers and other telecoms infrastructure sites across Brazil, Peru and Colombia.
Suggested Items
OSI Systems President and CEO Deepak Chopra to Retire by Calendar Year-End, Will Remain as Executive Chairman
05/06/2024 | OSI SystemsOSI Systems, Inc. announced today that Chairman and Chief Executive Officer Deepak Chopra has informed the Company’s Board of Directors of his plans to retire from his roles as President and Chief Executive Officer by the end of the current calendar year, after the appointment of a successor.
TTM Celebrates the Grand Opening of Its First Manufacturing Facility in Penang
04/25/2024 | TTM Technologies, Inc.TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Schweizer Electronic Appoints Thomas Gottwald as New Member of the Executive Board
04/23/2024 | Schweizer Electronic AGThe Supervisory Board of Schweizer Electronic AG has appointed Mr. Thomas Gottwald to the Executive Board as CTO (Chief Technology Officer) for a period of 3 years with effect from 1 May 2024.
Robin Hayes Selected to Lead Airbus in North America
04/23/2024 | AirbusAirbus SE has announced that C. Jeffrey Knittel is retiring as Chairman and Chief Executive Officer of Airbus Americas, Inc. effective June 3, 2024, after serving as the region’s top executive since 2018. He will remain with Airbus through a transition period. Robin Hayes, former CEO of JetBlue Airways, has been selected to succeed him.
GPV's Function and Site Engagement Meeting in Switzerland
04/23/2024 | GPVThe GPV Executive Leadership Team met with the MDs and local management teams from our German, Swiss and four Nordic Operating Business Units. The meeting was hosted by GPV Electronics CH in Mendrisio, Switzerland.