Speculation is rife among international media as to whether or not global telecommunications service provider Bharti Airtel plans to sell its mobile towers in the country in a move that will reportedly generate $550 million.
This Day referred to an Economic Times India report which is said to have quoted ‘industry sources’ as confirming the sale.
Bharti Airtel, which is believed to have approximately 4000 towers in Nigeria, has responded with an affirmation of its policy “not to comment on market speculation.”
The publication has written that the Company is considering selling its mobile tower asset on the continent for approximately $2bn.
Nigeria is said to have contributed 30% revenue to Airtel’s Africa business in its 2012 and 2013 fiscal year.
Bharti Airtel has operations in 20 countries across Asia and Africa.
In September 2013 the Company announced the launch of its Africa Connect Network to strengthen overall connectivity and boost data capacity.
Chris Tredger – Online Editor