22 March 2016

Bharti Airtel to Sell Tanzania Tower Portfolio to ATC for $179m

Co. entered into definitive agreement for sale of ~1,350 of its communications towers in Tanzania to American Tower Corp.: filing.

* American Tower could acquire up to 100 towers under development for additional consideration
* Airtel to be anchor tenant for 10-yrs initially
* Deal expected to close in 1h of 2016; subject to regulatory approval. Source: Bloomberg