MTN wants to sell and leaseback some of its towers

[Bradley Prior]

MTN wants to sell and leaseback some of its towers

MTN Group Ltd. is looking to sell and lease back part of its portfolio of 13,000 South African telecom towers, a sign that new Chief Executive Officer Ralph Mupita is looking to build on a disposal plan kicked off by his predecessor. [Bloomberg]

 

[Thor]

Doesn't feel smart.

 

[Mystic Twilight]

Sounds like the saa buy/swap/lease plan for the new airbus planes that ended in a debacle.