Wendel : IHS Towers acquires Cell Site Solutions

23 December 2019; London: IHS Holding Limited ('IHS'), one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count has signed an agreement to purchase the infrastructure solutions provider, Cell Site Solutions - Cessão De Infraestruturas S.A. ('CSS'), headquartered in São Paulo, Brazil from affiliates of Goldman Sachs and Centaurus Capital LP. Under the terms of the agreement, IHS will acquire 100% of CSS and it will be fully integrated into IHS. On completion, which is subject to all necessary regulatory approvals, the management team and all employees will join IHS. The purchase price remains undisclosed.

CSS has approximately 2,290 towers and other telecommunications infrastructure sites across Brazil, Peru and Colombia. The company's four solutions - Build To Suit (BTS), Collocation, Distributed Antenna Systems and Small Cells, further complement and enhance IHS' offering as it seeks to bring increased connectivity to emerging markets and pursue the strategic expansion goal of becoming the world's leading emerging markets towerco. The addition of three new markets in the Latin America region add significant future growth potential to the IHS business.