Airtel is looking to sell its 4800 or even more communications towers in Nigeria to American Tower Corp. the deal is said to be worth approximately $1.05 billion and it is said that the deal should be closed by mid-2015, of course subject to regulatory and other conditions.
- Ad -
The deal was signed with ATC through an international arm Bharti Airtel International, and in a statement the companies said that, ‘Airtel will be the anchor tenant on the towers initially for 10 years.’
Although Airtel has the majority of its subscribers in Nigeria, the company will be selling this towers which are in several African countries so as to cut costs.
- Ad-