Etisalat considers sale of towers in Africa

Etisalat is reported to be mulling bids to sell its towers network Africa. The telco has subsidiaries in 10 countries and owns around 4,500 towers across the continent.

Citing sources familiar with the matter, Reuters said that Etisalat has invited bids for the tower assets.

The telco had been looking to sell the towers to another management company for around US$500 million, but sources indicated that a block sale of the entire portfolio proved difficult.

The company is now reported to be looking to sell its towers on a per-country basis.