Bharti Airtel Ltd.

Bharti Airtel (Airtel) and Eaton Towers, a leading independent telecoms tower company in Africa, have concluded the sale and purchase of the tower assets of the company’s Burkina Faso. Airtel has now concluded sale of about 9000 telecom towers in eight African countries and Eaton Towers has acquired 2500 tower from Airtel in four countries ?   Ghana, Uganda, Kenya and Burkina Faso. In each of these four countries, Airtel has committed to a 10?year tenancy contract to Eaton Towers. 

Negotiations between Eaton and Airtel continue as Airtel remains committed to divesting its tower portfolio in other countries.  Follows Airtel’s and Eaton Towers’ strategies to drive cost efficiencies throughout the industry via the use of shared passive infrastructure.

The tower sale agreements allow Airtel to focus on its core business and customers, to deleverage through debt reduction, and will significantly reduce its on?going capital expenditure on passive infrastructure and for Eaton Towers, the acquisition gives the scale necessary to provide shared telecoms infrastructure solutions, with its customers benefiting from lower operating costs, expanded network coverage and capacity and improved quality of service.

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.