Bharti Airtel to sell-off mobile towers in Nigeria for $ 500 mn: Media Report
Telecom major Bharti Airtel is expected to sell-off mobile towers in Nigeria, biggest revenue generating market for the company in Africa, for about USD 500 million by April, PTI report said.
The company has less than 4,000 mobile towers in the African country.
When contacted Airtel spokesperson said: "As a company policy, we do not comment on market speculation."
The company, meanwhile, is learnt to be looking at selling off its mobile tower asset in Africa for about USD 2 billion to pay off its huge debts.
The net debt of the company at the end of September 2013 was at Rs 60,877 crore.