CNT analysing sale of tower infrastructure amid delay to concession process

6 Jan 2021

Ecuador’s state-owned operator Corporacion Nacional de Telecomunicaciones (CNT) is considering the sale of its tower assets to reduce costs and has decided to delay plans to grant operational control of the company to a private sector partner, reports El Universo citing sources at the company. According to the telco, international business consultancy Ernst & Young has completed the initial phase of the concession process by determining the company’s value and developing a new ten-year strategic plan to ensure CNT’s financial sustainability and future growth. However, the weakness in international markets caused by the COVID-19 pandemic has forced it to postpone plans to stage a road show for potential partners this year. Meanwhile, the sale of non-strategic assets such as tower infrastructure has been identified as a way to reduce costs and secure investment for more profitable operations, such as the deployment of fibre networks and TV services.

Ecuador, Corporacion Nacional de Telecomunicaciones (CNT)