September 20, 2014 7:42 PM ET

Wireless Telecommunication Services

Company Overview of Eaton Towers Limited

Company Overview

Eaton Towers Limited, a tower sharing company, owns and manages towers in Ghana, Uganda, and South Africa. It invests and builds towers to lease to mobile network operators. The company was founded in 2008 and is headquartered in London, United Kingdom with additional offices in Kenya.

103 Wigmore Street

First Floor

London,  W1U 1QS

United Kingdom

Founded in 2008

Phone:

44 20 7467 3945

Key Executives for Eaton Towers Limited

Co-Founder
Age: 57
Founder and Chairman of the Board
Age: 57
Co-founder and Director
Age: 58
Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2014.

Eaton Towers Limited Key Developments

Bharti Airtel to Lease Back the Towers from Eaton Under 10 Year Pact

Bharti Airtel will sell more than 3,500 of its mobile towers in six African countries to telecommunications tower firm, Eaton Towers in a bid to reduce costs. Bharti Airtel will lease back the towers from Eaton under a 10-year pact. But they did not disclose financial details of the deal. The agreements are subject to statutory and regulatory approvals in the respective African countries. The latest pact with Eaton will enable Bhari Airtel focus on its core business and customers, help it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure.

Bharti Airtel Is Reportedly In Talks To Sell Its Tower Assets

Bharti Airtel Limited (BSE:532454) is in advanced stage talks with American Tower Corporation (NYSE:AMT) and Eaton Towers Limited for selling its tower assets in several African countries, including Nigeria, Ghana and Uganda, PTI said in a report quoting sources which are aware of the development. The deal is believed to be in the range of $1.5 billion-$2 billion, sources added. The proceeds from the deal is likely to be used for reduction of debt. Airtel spokesperson declined to comment, The Economic Times reported. Bharti Airtel managed to rally as much as 2.3% after media reports suggested that the telecom major is in advanced stage talks to sell its tower assets.

Eaton Towers Kenya Presents at TMT Finance & Investment East Africa Summit 2013, Nov-26-2013 04:15 PM

Eaton Towers Kenya Presents at TMT Finance & Investment East Africa Summit 2013, Nov-26-2013 04:15 PM. Venue: InterContinental Nairobi, City Hall Way, Nairobi, 00200, Kenya. Speakers: Peter Reinartz, Managing Director.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 8, 2014
Bharti Airtel International (Netherlands) BV, 3500 African Telecom Towers
 

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