Yesterday Bharti Airtel and Eaton Towers announced the conclusion of the sale and purchase of the former’s tower assets in Burkina Faso.
This sale bring the total of telecom towers Airtel has sold to about 9,000 in eight African countries.
“We are pleased to close this fourth transaction with Eaton Towers and we continue to explore other opportunities to work together,” Bharti Airtel Africa CEO Christian De Faria said in a statement.
As part of the deal, Eaton Towers has acquired 2,500 towers from Airtel in four countries – Ghana, Uganda, Kenya and Burkina Faso, and Airtel has committed to use these towers on rental basis for 10 years under tenancy contract to Eaton Towers.
Airtel has decided to exit from its tower business in Africa, and thus has started to sell off over 14,000 mobile towers across 20 countries in the continent to focus on its core business and customers.