Indian telco Bharti Airtel is reportedly looking to offload its Bangladesh-based towers to raise around US$200m.
Potential buyers have already submitted offers for the 4,000-strong portfolio, according to the Economic Times quoting unnamed people aware…
Indian telco Bharti Airtel is reportedly looking to offload its Bangladesh-based towers to raise around US$200m.
Potential buyers have already submitted offers for the 4,000-strong portfolio, according to the Economic Times quoting unnamed people aware of the matter.
Last year, Bharti took control of mobile unit Airtel Bangladesh after buying the remaining 30% stake it did not own from Warid Telecom.
The report comes as the Indian giant is in the process of offloading part of its 15,000 site portfolio on the African continent, which has been valued at around US$1.8bn-US$2bn.
Interested buyers include Helios, Eaton, IHS, and American Tower.
Proceeds from the tower sales could go towards financing its bid in India’s upcoming spectrum auction and help cut its debt, pegged at around US$9.7bn as of 30 September 2013.
Bharti was not immediately available for a comment.
