Airtel Africa Plc has recalled $505 million bonds and sold off telecommunication towers in Malawi, Madagascar and Tanzania for a total consideration of $284 million as part of measures to pay off close to $3 billion debt on its balance sheet that is weighing down its continental operations.

For more information, please see https://www.theeastafrican.co.ke/tea/business/airtel-africa-recalls-bonds-sells-towers-3822252