IHS entered Peru in February 2020 following the acquisition of infrastructure solutions provider, Cell Site Solutions (“CSS”), headquartered in São Paulo, Brazil and with operations in Peru. CSS was established in 2012 in Brazil, before expanding into Peru in 2016.
Peru has a highly active telecom market that has grown significantly in recent years. With mobile penetration of over 120% and high smartphone adoption, increasing demand for data is expected to drive future growth. With a large portion of the towers still held captive by MNOs, there is also an attractive opportunity for future towerco penetration and colocation growth.