Robi to sell off its network towers; deal to be inked soon

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Robi Axiata Limited, the country’s second-largest mobile phone operator, has decided to sell off all its remaining network towers to one of the four existing management companies.

According to the industry insiders, discussions with relevant parties have seen significant progress in this regard.

A deal may be inked anytime soon, they, while seeking anonymity, told The Business Standard.

Robi currently owns 2,470 towers.

Reasons behind the move:

  • Increase tower sharing between MNOs
  • Reduce the cost of tower management
  • Creating one-time income opportunities

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