Airtel to divest 950 telecom towers in Congo
The Dollar Business Bureau Bharti Airtel Ltd. on Thursday announced a divestment of approximately 950 telecom towers to Helios Towers Africa (HTA), a leading telecom tower company in Africa, in the Democratic Republic of Congo (DRC). The agreement will expand HTA’s tower coverage to over 6,500 owned towers in the African continent. The Indian telecom giant will have full access to HTA’s towers under a long term lease contract, which also includes towers currently under construction. With this deal, Airtel will strengthen its core focus on business and customers, which will help it leverage through debt reduction. The agreement will considerably lessen the company’s ongoing capital expenditure on passive infrastructure while reducing the proliferation of towers through increased sharing. “HTA is proud to be chosen ...
