Bharti Airtel may monetize telecom tower, payments bank, and fiber assets

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Bharti Airtel may monetize telecom tower, payments bank, and fiber assets
29 Mar 2022
6 min read

News Synopsis

Telecom giant Bharti Airtel is looking to monetize its tower, payments banks, fiber assets, etc. It further informed that the company might increase its stake in Indus Towers. According to a Kotak Institutional Equity report, “The management indicated it will look to monetize its stake in – (1) Indus Towers, (2) Airtel Payments Bank, (3) NXTRA, (4) fiber assets, and (4) Robi Axiata. The company may also look to monetize its other digital assets of-(1) Airtel Ads, (2) Airtel IQ, (3) digital marketplace, and (4) security and cloud solutions.” Airtel further informed that it is planning to increase its stake in Indus Towers by 4.7% to 46.4% for ₹2,388. Kotak further said: “The company may further increase stake in Indus Towers, if needed to provide stability to the company, before monetizing its stake.” The Telecom company further informed that it is planning to launch 5G on sites with high 5G handset penetration and increasing 4G congestion, which will lead to steady CAPEX over the next three-four years, even with the 5G rollout