SBA Communications and Paradigm Infrastructure joint venture to acquire Airtel Tanzania from Airtel Africa for $175m.

SBA Communications, a global independent owner and operator of wireless communications infrastructure, and Paradigm Infrastructure, a UK company focused on developing, owning and operating shared passive wireless infrastructure, joint venture agreed to acquire Airtel Tanzania operations from Airtel Africa, a multinational company that provides telecommunications and mobile money services, for $175m. The tower portfolio in Airtel Tanzania comprises approximately 1,4k towers which form part of the group's wireless telecommunications infrastructure network. Under the terms of the transaction, the group's subsidiary Airtel Tanzania will continue to develop, maintain and operate its equipment on the towers under a separate lease arrangement with the purchaser.