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Airtel Africa announces first closing of Tanzanian tower assets sale

Wednesday 5 January 2022 | 09:39 CET | News
Airtel Africa has announced the first closing of the transaction to sell its telecommunications tower assets in Tanzania to a joint venture company belonging to a subsidiary of SBA Communications Corporation as majority owner, and to the UK's Paradigm Infrastructure. The gross consideration will be USD 176.1 million. About USD 159 million has now been paid, with the rest payable in installments once the remaining towers have been transferred.

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Categories: Mobile & Wireless
Companies: Airtel Africa / Airtel Tanzania / SBA Communications
Countries: Tanzania, United Republic of
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