Macquarie Asset Management has agreed, on behalf of a privately managed infrastructure fund, to acquire the South American wireless tower operations of IHS Towers. The seller is IHS Mauritius BR Limited, part of IHS Holding Limited (NYSE: IHS). The transaction implies an enterprise value of approximately R$3,550 million ($685 million).
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure globally by tower count. Under the terms of the agreement, Macquarie Asset Management will acquire more than 8,500 sites in Brazil and 270 sites in Colombia. Wireless towers are critical infrastructure that support mobile networks, and the acquisition builds on Macquarie Asset Management’s nearly 20 year history of managing mobile tower platforms across the Americas.
The acquisition expands Macquarie Asset Management’s infrastructure footprint in Brazil and Colombia, where it already holds investments across digital infrastructure, waste management, transportation and green energy. The firm said the transaction reflects its continued commitment to long term growth, sustainable development and social impact in South America.
The deal is expected to close later in 2026, subject to customary conditions.
Macquarie Asset Management manages US$477 billion in assets and provides a range of investment solutions focused on delivering superior risk adjusted returns. It is part of Macquarie Group, a diversified financial services firm founded in 1969 that employs more than 19,000 people across 34 markets and is listed on the Australian Securities Exchange.
In its disclosures, Macquarie Asset Management noted that none of the entities referenced in the announcement is an authorized deposit taking institution under Australia’s Banking Act 1959 and that obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited. The firm also stated that investments are subject to risk, including potential delays in repayment and loss of income or principal, and that no Macquarie entity guarantees returns or capital repayment.
IHS Towers operates more than 37,000 towers across seven emerging markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, South Africa and Zambia.
KEY QUOTES
“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,” said Fernando Lohmann, Brazil Country Lead for Macquarie Asset Management. “We are proud to contribute to the strengthening of Brazil and Colombia’s critical infrastructure through the acquisition of the IHS tower platform in our region.”
Fernando Lohmann, Brazil Country Lead, Macquarie Asset Management
“We are today announcing the sale of our Latam tower operations to Macquarie Asset Management, marking our exit from the Latam region. We are deeply grateful to our colleagues, customers and other stakeholders who have enabled us to scale our Latam tower portfolio.”
Sam Darwish, Chairman & CEO, IHS Towers
