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
How Does This Benefit Airtel Africa
At the end of the statement, Airtel Africa promised to provide more updates as they come.
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