« previous next »
Pages: [1]   Go Down

Topic: Airtel Nigeria May Sell Nigeria Tower Business To Offset Debt  (Read 2545 times)

0 Members and 1 Guest are viewing this topic.

Airtel Nigeria May Sell Nigeria Tower Business To Offset Debt
« on: January 25, 2014, 12:38:04 PM »
 Indications have emerged that Indi telecommunications service provider, Bharti Airtel may sell off its towers in Nigeria for about $550m in the first quarter of the year to streamline debt.

“The company wants to finish the Nigeria tower sale by March 2014 to be able to sell the other towers in Africa but the timeline of the completion of the sale hinges on the valuation that they are able to get,” a source familiar with the development explained.

Another source told CNBC-TV18 that local tower companies like Helios Tower & IHS are in advanced stages of preparing bids for the Nigerian tower portfolio.

“Both players are also talking to investors to get funding of about $200-250 million for the bid,” the source said. http://www.ventures-africa.com/2014/01/airtel-may-sell-nigeria-tower-business-to-offset-debt/
Logged
Pages: [1]   Go Up
« previous next »
 

Related Topics

  Subject / Started by Replies Last post
0 Replies
3104 Views 		Last post June 27, 2012, 04:10:41 PM
by olutee
0 Replies
1695 Views 		Last post October 20, 2012, 10:06:41 PM
by olutee
2 Replies
4617 Views 		Last post March 11, 2013, 09:22:49 PM
by flukky01
0 Replies
2133 Views 		Last post June 07, 2013, 11:44:53 AM
by ayo2
0 Replies
1711 Views 		Last post June 07, 2013, 07:42:37 PM
by mary50
0 Replies
4064 Views 		Last post September 11, 2013, 08:49:01 AM
by olutee
0 Replies
912 Views 		Last post June 29, 2020, 07:05:12 PM
by PulseNG
0 Replies
514 Views 		Last post July 21, 2020, 07:00:52 PM
by thisday
0 Replies
352 Views 		Last post September 30, 2022, 07:03:32 PM
by PulseNG
0 Replies
385 Views 		Last post October 23, 2022, 07:08:16 AM
by observer