Bharti Airtel to divest 950 towers in Africa, gains 2%

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of Bharti Airtel rose 2.5 percent intraday Friday as the company has decided to divest 950 towers across Republic of Congo to Helios Towers.The company's subsidiary Bharti Airtel International (Netherlands) BV and Helios Towers Africa announced an agreement for the divestment of approximately 950 telecoms towers in the Democratic Republic of Congo (DRC) from Airtel to Helios Towers.The divestment also includes towers currently under construction in the DRC. "The agreement will allow Airtel to focus on its core business and customers, while enabling it to deleverage through debt reduction," as per company release."The deal will significantly reduce Airtel’s ongoing capital expenditure on passive infrastructure and also mitigate the proliferation of towers through enhanced sharing," it added. The agreement is subject to statutory and regulatory approvals in the respective countrieshristian De Faria, Executive Chairman, Bharti Airtel International Netherlands BV said, "The agreement is in line with our stated philosophy of divesting passive infrastructure and promoting sharing of towers to enhance operational efficiencies that will further the growth of telecom services."At 09:49 hrs Bharti Airtel was quoting at Rs 361.10, up Rs 5.90, or 1.66 percent on the BSE.Posted by Rakesh Patil