IHS Towers completed the acquisition of SP5 from Providence Equity-backed Grupo Torresur for $315m.

IHS Towers, an owner, operator and developer of shared telecommunications infrastructure, completed the acquisition of SP5, a telecommunication towers operator, from Providence Equity-backed Grupo Torresur, a provider of telecommunications infrastructure, for $315m. “The acquisition of GTS’ SP5 portfolio will be our fifth transaction since we entered the region two years ago and is a testament to our continued commitment to serving the connectivity demands of Latin America. In the SP5 portfolio there are 2115 sites strategically located across Brazil, increasing the attractiveness of IHS’ portfolio to our customers whether in Brazil or across our Latam operations,” Sam Darwish, IHS Towers Chairman and CEO.