Bharti set to sell African tower assets - Mobile World Live

Bharti set to sell African tower assets

16 SEP 2010

Bharti Airtel is believed to be set to sell the mobile masts it owns in Africa, gained through its acquisition of the African assets of MEA group Zain, to its Bharti Infratel affiliate, according to India’s Economic Times. The transaction is designed to enable Airtel to reduce its debt, and following the transaction, which is expected to be completed in December 2010, Infratel is expected to sell shares to sovereign and private equity funds.


Mobile World Live

Mobile World Live is the online service dedicated to providing the mobile industry with daily news coverage & analysis of the biggest global market developments.

Read more