The Brazilian unit of IHS Towers is for sale due to the deterioration of the company's value on the United States Stock Exchange, motivated by the strong devaluation of the Nigerian currency, as determined by Telesintese.
In the Brazilian market, this situation has the potential to influence the dynamics of the tower market and the fiber optic access market, since the company is a partner of TIM in the I-Systems joint venture, a spin off of the optical network that the operator built to offer fixed broadband.