Bharti Airtel to sell Africa towers to kill debt, deal could rake in $3 billion

Mergers, Acquisitions and Financial Results

Bharti Airtel is poised to conclude a much-anticipated deal to sell its towers in Africa in seven days, which could help the world's fourth-largest telecom operator rake in as much as $3 billion and help reduce debt.

The Sunil Mittal-headed company has already shortlisted buyers from among four tower companies — Helios Towers Africa, IHS, American Tower Corp and Eaton Towers — for the sale, two people familiar with the matter told ET, without elaborating.