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Airtel sells more towers in Africa
In September this year, Airtel sold 3500+ of its towers to Eaton Towers in six countries across Africa. Now, the operator is selling another 4,800 towers, this time to American Tower Corporation.
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The agreement states that Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term. According to The Economic Times, the operator is attempting "to lower its debt and turn around its loss-making operations in the continent."
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