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IHS Towers Exits Brazilian Fiber Market with TIM Acquisition
IHS Towers is selling its 51% stake in I-Systems Soluções de Infraestrutura S.A. to TIM S.A., marking its exit from the Brazilian fiber sector. This transaction, valued at $452.6 million, aligns with IHS Towers’ strategy to focus on lower capital expenditure, higher return businesses. For TIM, this acquisition strengthens its position in the broadband market and aims to improve customer experience and operational efficiency.