Airtel Africa Plc has agreed to sell its telecommunication tower assets in Chad and Gabon to Helios Towers Plc.
The company reminded all that the transaction had commenced on March 23, 2021, with the signing of a memorandum of understanding between it and Helios Towers Plc.
In a press release, Airtel Africa Plc said that its memorandum of understanding with Helios Towers for the Gabon Tower has been extended.
It still needs Helios Towers to get a passive infrastructure license before the tower can be finished.
For the Chad tower asset, Airtel Africa stated that its memorandum of understanding has expired and is in the process of renewal.
Who is Helios Tower
- Helios Towers is a market-leading telecom tower infrastructure company. They enable mobile operators to roll out and enhance coverage in high-growth markets.
- They own and operate telecommunications towers and passive infrastructure in six high-growth African markets.
- Their principal business lies in building, acquiring, and operating telecommunications towers that are capable of accommodating and powering the needs of multiple tenants.
- These tenants are typically large MNOs and other telecommunications providers who in turn provide wireless voice and data services, primarily to end-consumers and
- They also offer comprehensive tower-related operational services, including site selection, site preparation, maintenance, security, and power management.
- They rent space on our towers through a mix of master lease agreements (MLAs) and individual site agreements (ISAs). The MLAs set out the commercial terms for renting space on the towers, and the ISAs add site-specific information.
- They also enter into ground lease agreements with property owners to host our sites on their land.
How Does This Benefit Airtel Africa
- Airtel Africa will increase its revenue base from the income coming from this sale.
- There is a chance that Helios Tower and Airtel Africa Plc will work together on new technology.
- Releasing these telecommunication towers to Helios Towers will free Airtel Africa Plc from the responsibility of managing these assets and reduce its operational costs for these countries.
At the end of the statement, Airtel Africa promised to provide more updates as they come.