Bharti Airtel Looking at Tower Sales in Nigeria and Bangladesh
Published on: 23rd Jan 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
India's Bharti Airtel could be looking at selling its towers in both Nigeria and Bangladesh according to various news reports.
Bharti Airtel owns around 5,000 towers in Nigeria, which have been valued at around US$500 to USD550 million.
Sources say that tower companies including Helios Tower & IHS are already preparing bids for the tower assets.
A sale is expected as soon as this coming March and could be the start of a continent wide plan to tower asset sales to raise as much as USD2 billion for the company.
In related news, the company is also said to be in talks to sell its towers operations in Bangladesh in a move that could raise around USD200 million for the company. The company is understood to have around 4,000 towers in the country.