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Airtel Africa PLC
M&A Activity • Feb 25, 2022
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M&A Activity
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National Storage Mechanism | Additional information 
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, announced 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.
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Enquiries
| Airtel Africa - Investor Relations Pier Falcione Morten Singleton [email protected] |
+44 7446 858 280 +44 7464 830 011 +44 207 493 9315 |
| Hudson Sandler Nick Lyon Bertie Berger [email protected] |
+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.
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