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Monday, April 29, 2024

AIS weighs options for $3bn in tower assets

Telecom leader might sell stake in tower business or create listed infrastructure fund

Workers perform maintenance atop an AIS 5G tower. (Photo: AIS)

Advanced Info Service Plc, the country’s biggest telecommunications group, is considering options for its tower business including a stake sale, according to people familiar with the matter.

The SET-listed company has held talks with potential advisers for a strategic review of the assets, the sources said, asking not to be identified because the matter is private.

Another option under consideration is creating an infrastructure fund for the assets that could be listed on the Stock Exchange of Thailand, the people said.

The tower business could be…

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