Airtel considering towers deal in Nigeria and Bangladesh

Bharti Airtel could be looking at selling its towers in both Nigeria and Bangladesh according to various reports.

Airtel owns around 5,000 towers in Nigeria, which have been valued at approximately US$500 – US$550 million.

Sources say that tower companies including Helios Tower and IHS are already preparing bids for the tower assets.

A sale is expected as soon as March and could be the start of a continent-wide plan to sell towers, which could raise as much as US$2 billion for the company.

Airtel is also said to be in talks to sell its towers operations in Bangladesh in a move that could raise around US$200 million for the company. The company is understood to have around 4,000 towers in the country.