Airtel Africa says it has signed agreements with Helios Towers Plc for the potential sale of its tower assets in Chad and Gabon.

Helios Towers is an independent telecoms infrastructure company in Africa.

Simon O’Hora, company secretary at Airtel Africa, disclosed this on Friday in a corporate filing on the Nigerian Exchange (NGX) Limited.

Providing updates about the transaction, the company said in Gabon, Airtel Africa, and Helios Towers have extended their memorandum of understanding arrangement, with completion still subject to Helios Towers obtaining a passive infrastructure licence.

It added that the MoU arrangement relating to tower assets in Chad expired, and Airtel Africa and Helios Towers mutually agreed that this would not be renewed.

“Airtel Africa will continue to provide further market updates as and when appropriate,” the statement reads.

The deal is coming less than two months after the telco announced the sale of its tower assets in Tanzania to SBA Communications Corporation.

In January, the company sold its asset in Tanzania for $176.1 million.

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