« previous next »
Pages: [1]   Go Down

Topic: Airtel NG sells of remaining Telecom base stations to ATC for $1.05 billion  (Read 9319 times)

0 Members and 1 Guest are viewing this topic.

Airtel NG sells of remaining Telecom base stations to ATC for $1.05 billion
« on: November 24, 2014, 10:21:03 PM »
Telecom operator Bharti Airtel has sold its 4,800 mobile towers in Nigeria to US based American Towers Company for about USD 1.05 billion in a move to pare debt.

In a joint statement, Airtel and ATC announced that they have entered into an agreement "for the sale of over 4,800 of Airtel's communications towers in Nigeria."

Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term, it added.
The agreement has been signed between Bharti Airtel subsidiary, Bharti Airtel International (Netherlands) BV (Airtel) and ATC.

ATC in a statement said: "The total consideration is expected to be approximately USD 1.05 billion, subject to customary adjustments."

http://zeenews.india.com/business/news/companies/airtel-sells-mob-towers-in-nigeria-to-atc-for-1-05-bn_112600.html
Logged
Pages: [1]   Go Up
« previous next »
 

Related Topics

  Subject / Started by Replies Last post
0 Replies
3148 Views 		Last post February 25, 2015, 01:01:33 AM
by citypeople
0 Replies
2720 Views 		Last post August 28, 2015, 01:01:27 AM
by olutee
0 Replies
1831 Views 		Last post March 16, 2016, 07:00:48 AM
by flukky-2
0 Replies
1412 Views 		Last post April 08, 2017, 07:00:53 AM
by thenation
0 Replies
2500 Views 		Last post September 06, 2017, 01:01:11 AM
by goal.com
0 Replies
1348 Views 		Last post May 09, 2019, 01:05:12 AM
by thisday
0 Replies
1674 Views 		Last post July 18, 2023, 07:02:29 PM
by flukky-2
0 Replies
754 Views 		Last post December 24, 2023, 01:02:13 PM
by flukky-2
0 Replies
667 Views 		Last post December 26, 2023, 01:01:35 PM
by thenation
0 Replies
441 Views 		Last post March 22, 2025, 01:01:36 PM
by PulseNG