Bharti Airtel on Thursday said it will complete the sellout of 1100 telecom towers in Rwanda and Zambia to Africa-based IHS Holdings within nine months of the deal which was struck this month.
The completion for the sellout in Rwanda and Zambia is expected no later than six months and nine months respectively, company secretary Mukesh Bhavnani told the National Stock Exchange here.
The Indian telecom major concluded the deals with IHS Holdings Dec 12 through its public entities in Africa – Airtel Networks Zambia Plc and Airtel Rwanda Ltd.
The deal was struck as part of Bharti Airtel’s effort to focus on its core line of business and reduce its ongoing capital expenditure which will enable the company to reduce its debts.
FRENCH VERSION
L’achèvement de la capitulation au Rwanda et en Zambie estprévu plus tard six mois et neuf mois respectivement, Secrétairede la société Mukesh Bhavnani dit la Bourse nationale ici.
L’Indien telecom majeur a conclu les offres avec IHS Holdings 12Dec par l’intermédiaire de ses entités publiques en Afrique – Airtelréseaux Zambia Plc et Airtel Rwanda Ltd.
Le marché a été conclu dans le cadre de l’effort de Bharti Airtel dese concentrer sur sa ligne de base d’affaires et de réduire sesdépenses en immobilisations en cours qui permettra à lacompagnie de réduire ses dettes.
