IHS Towers completed the acquisition of Cell Site Solutions from Cerberus and Goldman Sachs.

IHS Towers, one of the largest independent owners, operators and developers of shared telecommunications infrastructure, completed the acquisition of Cell Site Solutions, a telecommunications equipment supplier, from Cerberus and Goldman Sachs. Financial terms were not disclosed. "I am delighted to announce that through the acquisition of CSS, IHS is expanding its footprint into Latin America. In particular, and as the largest market within this region, Brazil offers an exciting platform enabling us to go deeper into this new geography. Brazil’s topography and compact urban areas, coupled with recent economic upturn, provide favorable macroeconomic factors for 4G and 5G deployment. As networks prepare for 5G transition, IHS will be well placed to deliver on these demands following our exceptional 18-year track record globally coupled with the excellent track-record of the CSS management team over the last six years. We are also very excited about providing our vast range of offerings to the markets in Peru and Colombia," Sam Darwish, IHS Chairman and Chief Executive Officer.