TIDMAAF

RNS Number : 7814C

Airtel Africa PLC

25 February 2022

Airtel Africa plc

('Airtel Africa', or the 'Group')

Tower Sales Update

London and Lagos, 25 February 2022: On 23 March 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, a nnounced that it had entered into memorandum of understanding agreements for the potential sale of its tower assets in Chad and Gabon, to Helios Towers plc ('Helios Towers'), a leading independent telecommunications infrastructure company in Africa.

Today, Airtel Africa provides the following updates:

-- Gabon : Airtel Africa and Helios Towers have extended their memorandum of understanding arrangement, with completion still subject to Helios Towers obtaining a passive infrastructure licence.

-- Chad : On 24 February 2022, the memorandum of understanding arrangement relating to tower assets in Chad expired, and Airtel Africa and Helios Towers mutually agreed that this would not be renewed.

Airtel Africa will continue to provide further market updates as and when appropriate.

-ENDS-

Enquiries

 
 Airtel Africa - Investor Relations 
  Pier Falcione                             +44 7446 858 280 
  Morten Singleton                          +44 7464 830 011 
  Investor.relations@africa.airtel.com      +44 207 493 9315 
 
 Hudson Sandler 
  Nick Lyon 
  Bertie Berger 
  airtelafrica@hudsonsandler.com            +44 207 796 4133 
 

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.

www.airtel.africa

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February 25, 2022 02:00 ET (07:00 GMT)

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