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Eaton Towers acquires Airtel towers in 6 countries. - 8 September 2014


New Delhi/London– 8 September 2014: Eaton Towers, a leading independent telecoms tower company in Africa, and Bharti Airtel (“Airtel”), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa,today announced an agreement for the acquisition of over 3500 telecoms towers by Eaton Towersfrom Airtel.

Highlights

- Eaton Towers to acquire over 3500 towers in 6 countries across Africa,with Airtel having a 10-year lease contract

- Eaton Towers currently owns and operates towers in Ghana, Uganda and South Africa; this expands coverage in Africa to 7 countries with over 5000 towers

-Follows Airtel’s and Eaton Towers’ strategies to drive cost efficiencies throughout the industry via the use of shared passive infrastructure

For Eaton Towers, the acquisition is a major step towards the scale needed to provide shared telecoms infrastructure solutions, with its customers benefiting from lower operating costs, expanded network coverage and capacity and improved quality of service.

Alan Harper, CEO of Eaton Towers said: “This is a transformational deal which gives Eaton Towers the most diversified tower portfolio across Africa. We are proud to be chosen by Airtel as their key partner in these 6 countries.”

Commenting on the development, Manoj Kohli, Chairman, Bharti Airtel International Netherlands BV (BAIN), Airtel’s selling entity, said:

“We are delighted to announce this agreement, which represents the next phase of Airtel’s growth journey in Africa. We are the pioneers and strong proponents of telecoms infrastructure sharing, which results in industry-wide cost efficiencies. The agreement with Eaton Towers is an extension of this philosophy and will lead to far superior utilisation of passive infrastructure and help drive the proliferation of affordable mobile services across Africa.”

The agreements will allow For Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure.

The agreements are subject to statutory and regulatory approvals in the respective countries.

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