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Stock impact report

IHS Towers Agrees to Sell its 51.0% Stake in I-Systems to TIM S.A.

IHS Holding Limited (IHS) 
US:NYSE Investor Relations: investor.ihsmarkit.com
Company Research Source: Business Wire
LONDON & SÃO PAULO--(BUSINESS WIRE)--IHS Fiber Brasil – Cessão de Infraestruturas Ltda, part of IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has agreed to sell its 51% stake in I-Systems Soluções de Infraestrutura S.A. (“I-Systems”) (the “I-Systems transaction”), a specialist provider of shared optical fiber networks in Brazil, to TIM. S.A. (“TIM”), the owner of the remaining 49% of I-Systems.The I-Systems network covers approximately 9.3 million homes passed (of which approximately 6.4 are Fiber-to-the-Home) and spans approximately 22,250 route kilometers.1 This will result in IHS Towers’ exit from the Brazilian fiber sector.The I-Systems transaction, reflecting an enterprise value2 of $452.6 million, is aligned with the Company’s previously announced strategic initiatives, helping to focus the growth of the Company in lower cape Show less Read more
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