TIDMAAF

RNS Number : 9783F

Airtel Africa PLC

25 March 2022

Airtel Africa plc

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

First Closing of Tower Sale Transaction in Malawi

London and Lagos, 25 March 2022: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the first closing of the transaction to sell its telecommunications tower company in Malawi to Helios Towers plc, a leading independent telecommunications infrastructure company in Africa.

The gross consideration for the transaction will be $54.7m. Under the terms of the transaction, Airtel Africa's subsidiary in Malawi will continue to develop, maintain and operate its equipment on the towers under separate lease arrangements, largely made in local currencies, with the purchaser.

-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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISBIGDXXGDDGDS

(END) Dow Jones Newswires

March 25, 2022 03:00 ET (07:00 GMT)

Airtel Africa (LSE:AAF)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Airtel Africa.
Airtel Africa (LSE:AAF)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Airtel Africa.