Bharti Airtel sells towers in Tanzania to focus on subscription offerings
By Aparna Banerjea, LiveMint
Posted on Wednesday, 2 June 2021 15:57
Airtel Africa said it would distribute part of the proceeds to the Tanzania government in line with the terms of its public listing in 2019, adding that it would also use some of the cash to cut its debt
Telecom major Bharti Airtel's Africa-focussed unit on Wednesday it has sold its Tanzanian tower operations for about $175 million ( ₹1,279.6 crore), as the telecoms company sharpens its focus on its core subscription services like voice and data packages.