Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp

Bharti Airtel Ltd, the world’s third largest communications services provider, has signed an agreement with American Tower Corp., to sell approximately 1,350 towers in Tanzania.

“Under the agreement, American Tower may acquire up to approximately 100 additional sites currently in development for an additional consideration,” Bharti said in a statement on Monday. “Airtel will be the anchor tenant on the portfolio under a lease with a 10-year initial term,” the statement added.

This is the ninth African country where Bharti has executed such a deal since buying Kuwait-based Zain’s Africa assets across 17 countries, in the continent.

Read more: Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp – Livemint

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