Australian investment firm Macquarie Asset Management has closed its acquisition of IHS Towers' Latin America (Latam) wireless tower operations.

The deal, first announced in February, was completed last Friday (August 7). It includes more than 8,700 wireless tower sites in Brazil and 250 sites in Colombia.

Macquarie didn't disclose financial details in its announcement confirming the deal, though it was previously noted that the deal to acquire the unit was worth an enterprise value of approximately $952 million.

“Brazil continues to be one of the most attractive infrastructure markets globally, supported by growing demand for connectivity and long-term investment in critical services,” said Fernando Lohmann, Brazil country lead for Macquarie Asset Management.

“The successful completion of this transaction underscores our long-standing commitment to Brazil and our confidence in the country's future. As digitalization accelerates across Brazil and the broader region, resilient communications infrastructure will play an increasingly important role in supporting economic growth and social development.”

The closing of the sale comes as IHS Towers nears completion of its sale to MTN Group for $2.2 billion. The company's shareholders voted in favor of MTN's takeover bid earlier this month.

In a stock market filing last week, IHS noted that a sale of its Latin American assets aligned with MTN's intention “to acquire only IHS’s African assets."

Founded in 2001, IHS Towers is a tower infrastructure company focused on the emerging markets. The company has more than 37,000 towers across its seven markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, South Africa, and Zambia.