Iran Telecom Reports 19,322 Billion Rials in Surplus Property Sales Against 966 Billion Rials Book Value

The Telecommunication Company of Iran (MKBT) announced results of its surplus property auction in a Group B Codal disclosure on Tuesday, October 27, 2026 (5 Aban 1405). According to the filing, the properties were sold through a mix of barter, cash and instalments, for total proceeds of 19,322,529,394,722 rials (about 1,932 billion tomans). The book value of the same properties is 966,126,469,736 rials (about 96.6 billion tomans).

Proceeds are roughly 20 times book value; the gap is about 18,356 billion rials (Sahmino's calculation from the filing). That gap is not final accounting profit. The notice does not break out the barter, cash and instalment shares in its text and lists the properties in an attachment, so the timing of cash receipts and the final effect on earnings are unclear from the notice itself.