IHS inks latest, but probably not last, Brazil towers deal

IHS is spending hundreds of millions more on its Brazilian telecoms towers portfolio as part of an inorganic growth plan that is almost certainly not over yet.
The passive infrastructure specialist has brokered a cash and debt-free deal worth US$315 million to acquire São Paulo Cinco Locação de Torres, or SP5, as it is more snappily known, from Brazilian infrastructure group GTS. SP5 comes with 2,115 telecoms towers across Brazil, which is not an enormous amount in a country