‘Our plan is to bring all this infrastructure in one bucket,’ Ogunsanya said. ‘Once we are able to legally put all this under one structure, then we begin to explore the options to monetise.’ Airtel Africa Plc, one of the continent’s biggest telecommunications companies, is separating its fiber-network operations into a new unit before looking...
Pan-African telecommunications firm Airtel Africa has reportedly stopped investing in new tower infrastructure in Kenya, and other markets across the continent, as it prepares to sell most of its already-existing infrastructure assets. This is in efforts to reduce ownership of infrastructure as Airtel Africa looks towards leasing instead, according to Business Daily Africa. The International Finance...
Airtel Africa PLC and Helios Towers PLC on Friday said that they closed the sale of Airtel Africa’s telecommunications tower company in Malawi to Helios Tower. The sale of Airtel Africa’s tower company in Malawi was first announced in March of last year. In February of this year, the companies both noted that they were...
The debt financing package will reportedly comprise $150 million direct investment from the International Finance Corporation (IFC) and a further $44 million from its Managed Co-Lending Portfolio Program (MCPP) Bharti Airtel’s African unit is having something of a resurgence in recent years. Back in the summer of 2019, Airtel Africa’s initial public offering (IPO) on...
Over the past five years, competition has increased in the telecommunications sector in Africa. Airtel Africa, which recognizes declining markets, is multiplying actions to regain competitiveness. The International Finance Corporation (IFC), a branch of the World Bank focused on financing the private sector in emerging countries, is proposing to invest $194 million in the form of...
Airtel Africa announced that it entered into memorandum of understanding agreements for the potential sale of its tower assets in Chad and Gabon to Helios Towers. Their previous arrangement announced nearly a year ago expired 24 February, as completion is still subject to Helios Towers obtaining a passive infrastructure licence. Source: Telecompaper.com
Airtel Africa says it has managed the implementation of the new ‘know-your-customer’ requirements in Nigeria, which meant a temporary stop to new customer activations, and recently posted 1.9 million net additions in the third quarter, taking its total customer additions to 3.1 million. In its financial report for the period ended 31 December 2021, the...
A Nigerian, Emeka Oparah, has been appointed Vice President, Corporate Communications & CSR, in Airtel Africa Plc. Mr Oparah, who disclosed his new appointment in a Facebook post on Tuesday, has spent 19 and a half years working in Airtel Nigeria. “Today, after 19 and a half years in Airtel Nigeria, I formally resumed a new position...
The latest strategic sale of telecom towers, initiated six months ago by Airtel Africa, is being finalized. It comes after the sale of the telecom towers in Madagascar, Malawi, Chad and Gabon. Telecommunications service provider Airtel Africa announced on Wednesday January 5 that it had secured nearly $ 159 million from SBA Communications Corp and Paradigm...
Last year, in the midst of the Covid-19 crisis, Unicef launched a new global initiative to ensure that millions of children have access to quality education through the Internet. The project has just recorded one of its first financial contributions directed towards Africa. Airtel Africa, the African branch of the Indian telecoms group Bharti Airtel, and...
