1. IHS Brazil signs a New Site agreement with TIM S.A. 2. Partnership aims to build up to 3,000 sites in Brazil. 3. Initial deployment includes a minimum of 500 new sites. 4. The agreement expands IHS's existing partnership with TIM S.A. since 2020. 5. IHS operates over 39,000 towers across various emerging markets.
The new site agreement should enhance IHS's infrastructure and revenue potential in Brazil, reflecting positively on future financial performance and investor confidence.
This agreement is significant as it consolidates IHS's market position and growth trajectory in Brazil, potentially leading to increased market share and revenue.
Building and deploying new infrastructure will not only bolster immediate operational capacity but also enhance long-term growth prospects through expanded market presence.
IHS Brazil, part of the IHS Holding Limited (NYSE:IHS) ("IHS Towers") group, one of the world's largest independent owners, operators and developers of shared communications infrastructure by tower count, today announces it has signed a New Site agreement with TIM S.A., further extending the two companies' partnership in the Brazilian market.
The partnership aims to build up to 3,000 sites with an initial minimum deployment of 500 sites. The sites will be distributed across multiple regions of Brazil. IHS Brazil has been collaborating with TIM S.A. since 2020, and through this additional partnership the company will continue to deliver innovative ways of building and deploying communications infrastructure, further expanding connectivity across Brazil.
About IHS Towers: IHS Towers is one of the world's largest independent owners, operators and developers of shared communications infrastructure in the world by tower count and is solely focused on the emerging markets. The company has over 39,000 towers across its eight markets, including Brazil, Cameroon, Colombia, Côte d'Ivoire, Nigeria, Rwanda, South Africa and Zambia.
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For more information, please email: communications@ihstowers.com or visit: www.ihstowers.com