Telecoms valuation checklist

While the principles of valuing a telecoms installation are no different from valuing any other lease, the valuer needs to understand the issues in the specialist market.

Two versions of the checklist are provided, one that applies under the old regime (the 1984 Telecommunications Code) and one that applies under the new (the 2017 Code). The threshold for deciding which applies is the date of the agreement - whether it is before, or after 28 December 2017.

Fundamental to the process is to determine whether you are valuing for the lessor or lessee, and for what purpose. The most common situations for a telecoms valuer will be valuing a site for sale, valuing a business in liquidation and specialist telecoms valuations.

The telecoms market is so specialist that it is vital to consider the individual circumstances that prevail on the site or sites that are being valued. In some instances, it is impossible to avoid setting new principles that will be used by others as precedents.

The valuer needs a sound understanding of the current market, operators and landlords, along with an up-to-date knowledge of legislation, guidelines and best practice.

This checklist is provided as a sample only. It is the user’s responsibility to check and adapt this as necessary to suit the particular instruction and prevailing circumstances.