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Etisalat plans selling African towers
02 February 2012
UAE based operator expects over $600m from sale of its mobile phone towers in Africa
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Etisalat
UAE
towers
Egypt
Africa
Gulf operator Etisalat has confirmed plans to sell its mobile phone towers in Africa in a deal that could be valued at over $600 million, the company told the Wall Street Journal. The proceeds could be used for other investments in the continent, which may include obtaining mobile phone licences.
Etisalat is the third mobile operator in Egypt. A company official told IT News Africa that the deal would increase the company’s liquidity and fund further investments in the Middle East and Africa. GTB
Further reading from Global Telecoms Business:
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Telefónica and Etisalat enter strategic partnership 22 Jul 2011