Airtel sells over 1100 telco towers in Rwanda and Zambia to IHS
Bharti Airtel today announced agreements under which IHS will aqquire over 1100 telecom towers accross Zambia and Rwanda. In terms of the agreements Airtel will sell and lease back the 1100 from IHS in Zambia and Rwanda under a 10-year renewable contract. The agreement will expand the IHS tower footprint in Africa to oveer 21,000 towers accros the five countries.
The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets. "This agreement will accelerate infrastructure sharing amongst operators and benefit customers in form of affordable tariffs and wider network coverage," Bharti Airtel Africa MD and CEO Christian de Faria said. With the agreement, IHS expands its Africa tower footprint to over 21,000 towers across 5 countries.
"The opportunity to expand our East African business bringing IHS' market leading energy and infrastructure management practices to a wider market is an excellent opportunity," IHS Executive Vice Chairman and Group CEO Issam Darwish said.
The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets. "This agreement will accelerate infrastructure sharing amongst operators and benefit customers in form of affordable tariffs and wider network coverage," Bharti Airtel Africa MD and CEO Christian de Faria said. With the agreement, IHS expands its Africa tower footprint to over 21,000 towers across 5 countries. "The opportunity to expand our East African business bringing IHS' market leading energy and infrastructure management practices to a wider market is an excellent opportunity," IHS Executive Vice Chairman and Group CEO Issam Darwish said.
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets. "This agreement will accelerate infrastructure sharing amongst operators and benefit customers in form of affordable tariffs and wider network coverage," Bharti Airtel Africa MD and CEO Christian de Faria said. With the agreement, IHS expands its Africa tower footprint to over 21,000 towers across 5 countries. "The opportunity to expand our East African business bringing IHS' market leading energy and infrastructure management practices to a wider market is an excellent opportunity," IHS Executive Vice Chairman and Group CEO Issam Darwish said.
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets. "This agreement will accelerate infrastructure sharing amongst operators and benefit customers in form of affordable tariffs and wider network coverage," Bharti Airtel Africa MD and CEO Christian de Faria said. With the agreement, IHS expands its Africa tower footprint to over 21,000 towers across 5 countries. "The opportunity to expand our East African business bringing IHS' market leading energy and infrastructure management practices to a wider market is an excellent opportunity," IHS Executive Vice Chairman and Group CEO Issam Darwish said.
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets. "This agreement will accelerate infrastructure sharing amongst operators and benefit customers in form of affordable tariffs and wider network coverage," Bharti Airtel Africa MD and CEO Christian de Faria said. With the agreement, IHS expands its Africa tower footprint to over 21,000 towers across 5 countries. "The opportunity to expand our East African business bringing IHS' market leading energy and infrastructure management practices to a wider market is an excellent opportunity," IHS Executive Vice Chairman and Group CEO Issam Darwish said.
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets. "This agreement will accelerate infrastructure sharing amongst operators and benefit customers in form of affordable tariffs and wider network coverage," Bharti Airtel Africa MD and CEO Christian de Faria said. With the agreement, IHS expands its Africa tower footprint to over 21,000 towers across 5 countries. "The opportunity to expand our East African business bringing IHS' market leading energy and infrastructure management practices to a wider market is an excellent opportunity," IHS Executive Vice Chairman and Group CEO Issam Darwish said.
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/business/airtel-sells-over-1100-towerszambiarwanda-to-ihs_1252931.html?utm_source=ref_article