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Bharti Airtel to split African tower business: Report

22 Jan 2014 Evaluate

Bharti Airtel is reportedly planning to split its $1.8 billion-valued African tower business. Further, the company is planning to sell African tower business on a country-by-country basis and has put Nigerian towers on the block first. The valuation of Nigerian towers has been pegged at around $500-$550 million.

Helios Tower and HIS have bid for the Nigerian towers. Both players are in talks with investors to raise capital for the bid.

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.

Peers
Company Name CMP
Bharti Airtel 1872.75
Vodafone Idea 12.34
Indus Towers 380.40
Tata Communications 1718.55
Railtel Corp. India 250.05
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