BSNL planning sale of 10,000 towers

24 Aug 2022

State-owned telco Bharat Sanchar Nigam Limited (BSNL) is looking to sell off 10,000 of its telecom towers as part of its asset monetisation programme, the Economic Times writes, citing people familiar with the development. KPMG has reportedly been tasked with administering the sale and the towers were estimated to have an enterprise value of around INR40 billion (USD500 million). According to the sources, the sites to be sold are those where it has co-location agreements with other mobile providers. Potential bidders for the towers include infrastructure providers Indus Towers – which is partly owned by Bharti Airtel – and Data Infrastructure Trust, owned by asset management firm Brookfield. The sale is part of the government’s National Monetisation Pipeline (NMP) programme, which looks to raise money for the state by selling the rights to operate national infrastructure in the telecom, mining, aviation and petrochemical sectors. Under the NMP strategy, BSNL and its sister company Mahanagar Telephone Nigam Limited (MTNL) are targeting the sale of a combined total of 14,917 towers in a phased manner by 2025.

India, Bharat Sanchar Nigam Limited (BSNL)