ATR
CAF Data Centre Industry Outlook
HSSR rebrand
Communications Africa

twitteryou tubeacpRSS Feed

India-based telecommunications group Bharti Airtel has sold its telecommunication towers in five African countries for approximately US$1.3bn

The Indian telecom company has already completed the sale of its towers in Nigeria, Uganda, Ghana, Rwanda and Congo (Brazzaville). Bharti Airtel also has plans to complete the sale of towers in another six African markets over the next few months as part of its plans to divest tower assets in 13 African countries.

In a note to the National Stock Exchange of India, the company said that the proceeds from the sale of towers in Africa will be used to reduce the operator’s debt.

Bharti Airtel had recently announced the termination of agreements with Helios Towers Africa for the sale of towers assets in Chad and Tanzania. The company has also signed deals to sell towers in its African markets with Eaton Towers, American Tower and IHS. American Tower earlier announced that it has completed its previously announced acquisition of approximately 4,700 communications sites in Nigeria from Bharti Airtel.

In Q1 2015, Bharti Airtel’s operations in Africa generated revenues of US$1bn, down from US$1.14bn in the same period the previous year. The company ended March with a total of 76.26mn subscribers in Africa, up from 69.44mn at the end of March 2014, according to its latest financial report. It also had a total of 18,819 telecom sites across all its African operations spread over 17 countries, with more than 10,000 of them being 3G sites.

Bharti Airtel is owned by Indian holding group Bharti Enterprises and Singaporean operator SingTel. In addition to India and Africa, the company also operates in Bangladesh and Sri Lanka.

Oil Review Africa
NEW interactive digital platform

Most Read

SES to acquire Intelsat in compelling transaction focused on the future. (Image source: SES)

In the MENA region, cybersecurity is crucial amidst rising digitalisation and state-sponsored cyber threats, met by BBS Technology's comprehensive solutions. (Image source: Adobe Stock)

Sparkle and Arqit’s quantum-safe VPN PoC heralds a new era in secure global communication. (Image source: Adobe Stock)

(L-R): Dr Diane Karusisi, CEO, Bank of Kigali and Dr Reda Helal, group managing director – processing, Africa and co-head group processing, Network International. (Image source: Network International)

Avanti and Q-KON partner to launch LEO satellite services in South Africa, enhancing connectivity and business resilience. (Image source: Avant Communications)

AMN activates first base station with Starlink LEO backhaul, expanding rural connectivity in Nigeria and beyond. (Image source: AMN)

World Bank’s analysis reveals Djibouti’s digital economy potential and challenges, urging multi-sectoral collaboration for growth. (Image source: Adobe Stock)

Paratus Group pioneers fastest fiber express route linking Johannesburg to Europe, revolutionising telecommunications with low latency and high-speed connectivity. (Image source: Adobe Stock)

Vertiv launches Vertiv 360AI in EMEA, offering high-density power and cooling solutions to meet the demands of AI, from edge to data centers. (Image source: Vertiv)

Latest news

The introduction of 5G technology is anticipated to bring numerous benefits to the people of Egypt, including increased capacity for seamless connectivity in densely populated areas. (Image source: Adobe Stock)

The new 5G towers can connect up to 10,000 users and offer speeds at least ten times faster. (Image source: Adobe Stock)

MTN Group hosted Nigeria's NIPSS delegation in Johannesburg, fostering collaboration on digital technology, youth empowerment, and job creation. (Image source: MTN Group)

Airtel Networks Zambia Plc and Zambia Industrial Commercial Bank partner to provide SMEs with 4G and 5G Internet devices, boosting efficiency and market access. (Image source: Adobe Stock)

The Hubs will provide small businesses with e-commerce training materials and resources, as well as in-person coaching and training sessions, so they can overcome challenges to selling online. (Image source: Adobe Stock)

True hybrid networks integrate diverse connections into a seamless, unified network regardless of infrastructure. (Image source: Livewire Digital)

enza will leverage TerraPay’s extensive connectivity to over 2.1 billion mobile wallets globally. (Image source: Adobe Stock)

BII announces a U$20m loan to TerraPay to enhance low-cost, high-speed remittance transfers to Africa, promoting financial inclusion and economic opportunities. (Image source: Adobe Stock)

Redington partners with Vertiv to empower African channel partners, leveraging Vertiv's critical infrastructure technology & Redington's extensive market reach. (Image source: Adobe Stock)

Hotspot Network Limited and NIGCOMSAT partner to deploy cutting-edge satellite technology, bridging the digital divide in Nigeria's rural areas. (Image source: NIGCOMSAT)

Mastercard Ghana Fintech Forum advocates cybersecurity and contactless payments to drive fintech growth. (Image source: Mastercard)

Bayobab’s new license enhances digital transformation with improved connectivity through fibre, satellite, and radio technologies. (Image source: Adobe Stock)

Kaspersky enhances incident response with digital forensics. (Image source: Adobe Stock)

Orange inaugurates the Orange Digital Center in Guinea-Bissau, fostering digital skills and entrepreneurship for a sustainable future. (Image source: Adobe Stock)

Huawei expands its LEAP initiative to train 150,000 talents in Sub-Saharan Africa by 2027, surpassing initial goals, promoting digital skills. (Image source: Huawei)

Africa Tech Festival

More Articles