Nigerian Starcomms sells facilities for $81 million
Nigeria’s biggest
fixed wireless operator, Starcomms, said it concluded a $81.4 million
sale and leaseback agreement for 407 of its 557 base stations with a
local telecoms service provider.
Starcomms said on
Wednesday the deal with Swap Technologies will see the service provider
taking over the operation and maintenance of the 407 towers, which
include the structure and power components, while it keeps its network
and radio components.
“By leasing rather than owning these passive infrastructure network
facilities, we can free up capital to fund additional growth, reduce
debts and operational costs … as well as allow management to focus on
its core business,”
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