Bharti Airtel completes divestment of tower assets in 5 countries

By: | Published: July 2, 2015 8:44 AM

Bharti Airtel Ltd completed sale transactions for agreements to divest towers in 5 countries

Bharti Airtel Ltd completed sale transactions for agreements to divest towers in 5 countries

* Agreements in 2 countries lapsed

* Total proceeds from already concluded transactions over $1.3 billion

* Total proceeds to be utilised to reduce debt of co

* Process is on for balance 6 countries; hope to have finality in coming few months on transactions proposed

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