TCIL kept out of Bharti Hexacom tower valuation; new deal in works

State-run Telecommunications Consultants India Ltd (TCIL) has been excluded from Bharti Hexacom's tower asset valuation process as the parties renegotiate their infrastructure sharing agreement. The development comes as Bharti Airtel consolidates its tower assets ahead of potential monetization opportunities. TCIL had claimed rights to certain towers under a 2009 pact, but Bharti is pursuing a new commercial arrangement that better reflects current market dynamics. The revised deal structure under discussion may involve compensation payments or alternative asset transfers to TCIL. This situation highlights the complex legacy arrangements in India's telecom infrastructure sector as operators streamline their portfolios. Industry sources suggest the renegotiation could pave the way for Bharti's broader tower asset monetization plans, potentially involving third-party investors. The outcome will set important precedents for handling similar legacy agreements in the sector. Both parties have engaged legal and valuation experts to arrive at a mutually acceptable solution that balances contractual obligations with current business realities in the rapidly evolving telecom infrastructure space.