Airtel’s deal to sell their towers in Malawi to Eaton Towers has timed out due to slow progress toward close. Contrary to some reports in the press suggesting that the entire 3,500 Eaton-Airtel tower deal had been cancelled, the deal is off only in Malawi, the smallest tower portfolio of the six countries in which Airtel had agreed to sell towers to Eaton.
Eaton has already closed transactions to acquire over 2,000 Airtel towers in Ghana, Uganda and Kenya. A further transaction in Burkina Faso may close as soon as next week. Regulatory discussions have delayed Eaton and Airtel’s proposed transaction in Niger.