AirtelBusinessTelecoms

Airtel agrees to sell over 3,500 masts to Eaton Towers

mastTelecommunications company Airtel Ltd has agreed to sell more than 3,500 of its mobile phone masts in six African countries to telecommunications tower company Eaton Towers in a bid to cut costs.

This was revealed by the companies today.

Bharti Airtel will lease back the towers from Eaton under a 10-year contract, the companies said in a statement. They did not disclose financial details of the deal.

In July, Bharti Airtel agreed to sell about 3,100 masts in four African countries to Helios Towers Africa.

The sales are part of the Indian group’s plan to divest most of its more than 15,000 towers in Africa in a process that sources have said could raise up to $2 billion.

Source: Reuters

Tags

Ephraim Batambuze III

Digital guy, Web developer, Tech blogger, Gadgets Reviews, Geeky dad. Email:ebatambuze@gmail.com Twitter:@batambuze WhatsApp/Telegram:+256781665128 Skype:ebatambuze
Back to top button
Close

Adblock Detected

Please disable your adblocker to continue accessing this site.