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Airtel sells 3,500 telecom towers in Africa to Eaton Towers

Bharti Airtel has sold over 3,500 telecom towers in Africa to Eaton Towers.

As part of the deal, Airtel will sell and lease back over 3,500 towers to Eaton in six countries across its African operations under a 10-year contract.

The company said this agreement will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure.

The financial details of the deal, however, were not disclosed.