IHS Completes Tower Sale and Lease Back Deal from Airtel

New Delhi: Nigeria-based telecommunications infrastructure group IHS Holding Ltd has completed sale and lease back of telecom towers in Zambia from Airtel Zambia. In December last year, Bharti Airtel announced it had sold over 1,100 telecom towers in Zambia and Rwanda to HIS Holding at an estimated $180-200 million to pare debt. As part of the 10-year renewable contract, Airtel will lease back the towers from IHS. "This acquisitio...