Bharti Gets $1.3 Billion From Sale of African Phone Towers
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Bharti Airtel Ltd. completed the sale of mobile-phone towers in five African countries for more than $1.3 billion, helping it reduce its debt.
Agreements to sell towers in two other African nations have lapsed, and transactions in six other countries on the continent are progressing, the New Delhi-based company said in a statement to the stock exchange. Bharti, which has operations in 17 nations in Africa, didn’t specify which deals had been completed.