Ooredoo is following the trend of other network operators, and considering the sale of its tower infrastructure network.

According to Reuters, the Qatari network operator is reportedly in discussions over a sale of its telecoms tower network.

Telecommunications, mobile towers, base stations
– Thinkstock / SasinParaksa

Interested parties were not detailed by the sources, but stated that Ooredoo is looking to sell its towers both domestically and in other markets.

It follows a host of other operators looking to sell off telecoms towers in recent times in a bid to raise capital, with Ooredoo's Indonesian arm Indosat Ooredoo Hutchison said to be considering the sale of some of its telecommunications towers in a move that could raise $250 million. The telco sold 4,200 of its towers to DigitalBridge-owned EdgePoint Infrastructure's Indonesian unit for $750m, in a bid to raise funds to expand its Internet network across the country.

Meanwhile, Deutsche Telekom has looked to sell off its 40,600 masts, in a potential deal that could earn the telco close to €18 billion ($18.3bn). India's Bharat Sanchar Nigam Limited (BSNL) is aiming to sell 10,000 of its towers in a bid to raise $500 million as part of monetization plans.

Myanmar exit confirmed

Ooredoo's planned exit from Myanmar has now been confirmed, with the company signing an agreement with Singaporean-based Nine Communications Pte. Ltd.

The operator confirmed the deal last Thursday, with the transaction boasting an enterprise value of $562m, plus a total equity consideration of $162m, notes Reuters.

Ooredoo was reported to be selling the unit to Singapore technology company The One Matrix Ventures (TOMV) as recently as early last week but has since agreed on a deal with Nine Communications Pte. Ltd.

Ooredoo's exit from Myanmar follows that of Telenor, which agreed to sell its Myanmar operations to Lebanese holding company M1 Group for $105m. Both companies have looked to exit the market after the 2021 Myanmar coup d'état brought a military junta into power.

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