Airtel’s tower sale enables Africa’s towercos to achieve scale and to diversify country and counterparty risk, while the transactions will enable Bharti Airtel to retire ~US$2.5bn of their estimated US$10bn debt. As the deals have been announced, frustratingly the countries involved have not been confirmed – here we present TowerXchange’s educated guess as to which towerco is acquiring the towers in which country, together with an overview of the tower market in each country.
Which towercos acquired Airtel’s towers in each African country?
According to TowerXchange research, Eaton Towers has acquired Airtel’s towers in Ghana, Niger, Burkina Faso, Kenya, Uganda and Malawi.
