Bharti Airtel to sell 1100 towers in Zambia & Rwanda

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26 Aug, 2025 12:21

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Bharti Airtel, through its subsidiary is going to sell and lease back over 1100 towers in Zambia and Rwanda to African company IHS, under a 10-year renewable contract.

“Bharti Airtel Limited, through its subsidiary company, Bharti Airtel International (Netherlands) and IHS Holding, the largest mobile telecommunications infrastructure provider in Africa, today announced an agreement under which IHS will acquire over 1100 telecoms towers across two countries,” it said in a statement.

According to Bharti, the agreement will allow the telecom major 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 in these African markets.

The agreements are subject to statutory and regulatory approvals.

Commenting on the development, Christian de Faria, MD & CEO - Africa, Bharti Airtel said, “This agreement will accelerate infrastructure sharing amongst operators and benefit customers in form of affordable tariffs and wider network coverage.”

At 13:31 hrs Bharti Airtel was quoting at Rs 348.25, up Rs 0.45, or 0.13 percent on the BSE.