Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Airtel to sell 950 telecom towers in Congo to Helios

by | May 25, 2021

airtelafNew Delhi,  (IANS) Bharti Airtel International (Netherlands) has signed a deal with Helios Towers Africa (HTA) for divestment of around 950 telecom towers in Congo, a company statement said here on Thursday.

The divestment also includes towers currently under construction in the central African country.

“The agreement will allow Airtel to focus on its core business and customers, while enabling it to deleverage through debt reduction. The deal will significantly reduce Airtel’s ongoing capital expenditure on passive infrastructure and also mitigate the proliferation of towers through enhanced sharing,” the statement said.

This deal will expand HTA’s tower coverage in Africa to over 6,500 owned towers.

The agreement is subject to statutory and regulatory approvals in the respective countries.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Once valued at USD 22 billion, Byju’s is now worth ‘zero’

Once valued at USD 22 billion, Byju’s is now worth ‘zero’

New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. HSBC has assigned zero value to investment company Prosus’ nearly 10 per cent stake (or...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *