Tuesday, November 24, 2015

Airtel completes sale of 8,300 towers in Africa

Sunil Mittal-led Bharti Airtel has announced its completion of sale of 8,300 mobile towers in seven African countries for $1.7 billion (about Rs 11,000 crore).It will be used to reduce the company’s debt.
  • Its debt stood at $10.68 billion at the end of June.
  • Bharti Airtel has around 14,000 mobile towers in Africa and has now planning to exit the tower business.

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