Airtel cancels telecom tower sale deal with Helios

Bharti Airtel today said it terminated its telecom tower sale deal with Helios Towers in Tanzania and Chad.

The Indian telecom service provider said its agreements with Helios Towers Africa for selling telecom towers in Tanzania and Chad have lapsed.

“We would like to inform you that the agreement for sale of tower assets in Tanzania and Tchad (Chad) between the respective subsidiaries of Bharti Airtel and Helios Towers Africa have lapsed and therefore stands terminated,” the company informed the stock exchanges on Wednesday.

In July 2014, the telecom service operator said it will sell about 3,100 telecom towers in four African nations to Helios Towers Africa.

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