Bharti Airtel has introduced that it has offered round 8,300 towers in Africa for USD1.7 billion, which is for use to pay down the corporate’s debt.
“As on date we now have accomplished the sale transactions in seven nations for about 8,300 towers representing near 60 p.c of the overall tower base,” Airtel stated in a press release.
Bharti Airtel has round 14,000 cellular towers in Africa.
“The full worth of proceeds from all of the concluded transactions in these seven nations is over $1.7 billion and is being utilised for lowering the debt of the corporate,” the assertion stated.
Agreements to promote towers have lapsed in 4 nations whereas the method is on in two nations, it added.