Airtel Africa sells Tanzania towers at $175 million

Airtel Africa sells Tanzania towers at $175 million

Airtel Africa sells Tanzania towers at $175 million     Airtel Africa PLC on Wednesday said that it has agreed to sell Airtel Tanzania’s tower portfolio to a joint venture owned by a subsidiary of SBA Communications Corp. and Paradigm Infrastructure Ltd. for $175 million. SBA Communications is an independent owner and operator of wireless communications infrastructure, while the UK-based Paradigm Infrastructure is focused on developing, owning and operating shared wireless infrastructure in selected growth markets. The UK listed, Africa-focused telecommunications operator said this is the latest strategic divestment of…

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Airtel Africa sells 1424 towers in Madagascar, Malawi for $119m

Airtel Africa sells Tanzania towers at $175 million

Airtel Africa sells 1424 towers towers in Madagascar, Malawi for $108m   Commences process to sell 1000 others in Chad, Gabon Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers Plc a leading independent telecommunications infrastructure company in Africa. In a corporate filling at the Nigerian Stock Exchange (NSE), the Group said its tower portfolios in these two markets together comprise…

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