IHS acquires Airtel towers in Rwanda and Zambia

Airtel has sold its 1,100 towers in Rwanda and Zambia to IHS Holding Ltd, the deal is rumored to be about US$200 million under a 10-year renewable agreement.

With the acquisition, Airtel said it will be able to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets.

Read more: IHS acquires Airtel towers in Rwanda, Zambia | HumanIPO.

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