Bharti Airtel has sold about 3,500 telecom towers to Eaton Towers across six countries in Africa. The two companies have signed a 10-year contract, and the deal will help Eaton to expand operations in these countries.
The agreement will allow Airtel to focus on its core business and customers, and to cut its debt. It will also significantly reduce its ongoing capital expenditure on passive infrastructure. The announcement comes within two months of Bharti announcing a plan to sell about 3,100 towers to Helios Towers across four countries in Africa.
Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.
