IHS Towers, through its subsidiary IHS Fiber Brasil-Cessão de Infraestruturas Ltda, has agreed to sell its 51% stake in I-Systems Soluções de Infraestrutura S.A. to TIM S.A. The transaction is valued at an enterprise value of $452.6 million. This strategic divestment marks IHS Towers' complete exit from the Brazilian fiber sector. The move aligns with the company's broader strategy to concentrate on businesses with lower capital expenditure and higher returns. For TIM S.A., which already held the remaining 49%, this acquisition consolidates its ownership of I-Systems. Analysts view this as a positive step for IHS Towers, streamlining its portfolio towards more profitable ventures.
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