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UPDATE 1-American Tower to buy Bharti Nigeria phone masts for $1.1 bln

2014-11-24 19:50:49| IT Services - Topix.net

India's Bharti Airtel Ltd will sell more than 4,800 mobile phone masts in Nigeria to American Tower Corp for $1.05 billion, as part of its plan to cut costs and pare debt. Mobile operators in Africa such as Bharti Airtel have been selling masts to specialist tower firms and leasing them back to cut maintenance costs on a continent with poor access to electricity and shoddy roads.

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