DUBAI: UAE's telecoms firm Etisalat may sell its telephone tower operations in
Africa and is considering sharing infrastructure with rival carriers, the
former monopoly said in a statement on Thursday.
Etisalat operates in
about 10 African countries, including Egypt, Nigeria, Tanzania and Ivory Coast.
"Etisalat, like
other telecom operators in Africa, is constantly evaluating good business
opportunities which includes but (is) not limited to infrastructure sharing
with other operators," the statement said.
"No final
decision has been reached at this point in time as (to) selling or sharing
towers."
On Wednesday, two
sources told Reuters that Etisalat had invited bidders for its telephone tower
operations in Africa.
The firm has about
4,500 towers in Africa, one source said, and wanted to sell them all in a
single deal potentially worth around US$500 million.
Source: Reuters,af.reuters.com, reported by Matt Smith
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