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Bharti Airtel to sell over 3,500 towers to Eaton in Africa

Company to lease back towers from Eaton under 10-yr contract

Reuters  |  Mumbai 

Bharti 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, the companies said on Monday. 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. ALSO READ: Airtel sells 3,100 telecom towers in Africa to Helios Towers The sales are part of ...

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First Published: Mon, September 08 2014. 11:24 IST