Bharti Airtel’s subsidiary- Bharti Airtel International (Netherlands) BV and Helios Towers Africa (HTA), a leading independent telecoms towers company in Africa, have signed an agreement for the divestment of approximately 950 telecoms towers in the Democratic Republic of Congo (DRC) from Airtel to HTA. The divestment also includes towers currently under construction in the DRC.
The agreement will allow Airtel to focus on its core business and customers, while enabling it to deleverage through debt reduction. The deal will significantly reduce Airtel’s ongoing capital expenditure on passive infrastructure and also mitigate the proliferation of towers through enhanced sharing.
Bharti Airtel is a leading global telecommunications company with operations in 20 countries across Asia and Africa.
