Bharti Airtel announces divestment of telecoms tower assets in Zambia and Rwanda

To African telecom infrastructure provider, IHS Holding

Bharti Airtel [through its subsidiary company Bharti Airtel International (Netherlands) BV (Airtel)], and IHS Holding (IHS), the largest mobile telecommunications infrastructure provider in Africa, announced an agreement under which IHS will acquire over 1100 telecoms towers across Zambia and Rwanda.

The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets.

As per the agreements, Airtel is to sell and lease back over 1100 towers from IHS in Zambia and Rwanda under a 10-year renewable contract.

 

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