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Stock impact report

Macquarie Asset Management to Acquire South American Tower Operations of IHS Towers

IHS Holding Limited (IHS) 
US:NYSE Investor Relations: investor.ihsmarkit.com
Company Research Source: Business Wire
SÃO PAULO--(BUSINESS WIRE)--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,” s Show less Read more
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