Bharti Airtel to sell 950 towers in Congo

Bharti Airtel has entered into an agreement with Helios Towers Africa (HTA) for divestment of about 950 towers in the Democratic Republic of Congo (DRC). The deal will help Airtel deleverage through debt reduction and reduced capital expenditure, though the size was not disclosed. Bharti has approximately 14,000 towers in Africa, of which it has divested 8,300 for nearly $1.7 billion (Rs.11,318 crore).
The divestment also includes towers currently under construction in the DRC, according to the company. Airtel will have full access to towers from HTA under a long-term lease contract. It said the agreement will allow Airtel to focus on its core business and customers.