Airtel raises $400m from sale of Africa towers, deal takes total to $1.7b from proceeds

Bharti Airtel Ltd, the world’s fourth largest telecom service provider by revenue and subscribers, has raised $400 million more from the sale of telecom towers in Africa, taking to $1.7 billion the proceeds from an effort to monetize its assets in the continent to reduce debt, mimicking a strategy it has adopted successfully in its home market.