Reports have it that Indian Telecommunications operator, Bharti Airtel said it
had raised $1.3 billion from the sale of its mobile towers in five African
countries from Helios Towers, IHS Plc and American Tower Company.
The proceeds will be used to reduce the $10 billion debt
used in its African operations in 2010. In February, Airtel said it completed the sale of some
towers in Rwanda and Zambia to IHS, and America Tower just announced it
completed the acquisition of Airtel towers in Nigeria.
Airtel said the deal will see Airtel mobile subscribers
enjoy more stable networks, higher network uptimes in which to make calls and a
more universal service across the country.
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