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title: IHS Towers takes majority holding in TIM Brasil’s FiberCo - Developing Telecoms
description: IHS Towers has closed its acquisition of a 51% stake in FiberCo Solucoes de Infraestrutura from TIM Brasil for BRL1.096 billion (US$198.9 million).
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 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## IHS Towers takes majority holding in TIM Brasil’s FiberCo

 

 

   Details    James Barton    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     18 November 2021     11335 views   

 

  ![IHS Towers takes majority holding in TIM Brasil’s FiberCo](https://developingtelecoms.com/images/stories/Places/800x600/Brazil-Londrina-600.jpg)  

 

IHS Towers has closed its acquisition of a 51% stake in FiberCo Solucoes de Infraestrutura from TIM Brasil for BRL1.096 billion (US$198.9 million).

[TIM signed an exclusivity agreement with IHS over the controlling stake in March 2021.](https://developingtelecoms.com/telecom-technology/optical-fixed-networks/10814-tim-signs-exclusivity-deal-with-ihs-over-fiberco-stake.html) The operator will retain a 49% holding in FiberCo going forward, with the unit set to be rebranded as I-Systems. In addition to the acquisition fee, IHS has laid down BRL233 million of investment into the unit and will pay a further three instalments of BRL350 million across the next three years.

CommsUpdate reports that I-Systems will assume control of TIM’s secondary network infrastructure, and will be responsible for deploying, operating and maintaining new secondary fibre infrastructure for the operator. A long-term master services arrangement will see TIM remain the anchor tenant for the network.

 

 

   
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