Despite the prospect of an imminent IPO, Airtel subsidiary Airtel Tanzania is planning to sell and lease back its 1,400 towers. Originally put on the market in 2014 alongside Airtel’s other tower portfolios, the assets were not acquired, as well as the Airtel towers in Chad, Gabon, Malawi and Madagascar. A potential sale in 2016 also hit the rocks. Earlier this year a legal dispute with the government delaying the sale was resolved, and Airtel Tanzania has now moved to put its towers on the market.
For sale
On the 14thMay Airtel Tanzania published notice that it was seeking a buyer for its over 1,400 telecommunications towers.