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Cabinet approves hiving off mobile tower assets of BSNL into a separate company

Cabinet approves hiving off mobile tower assets of BSNL into a separate company

India Blooms News Service | | 12 Sep 2017, 07:40 pm
New Delhi, Sept 12 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for hiving off mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into a separate company, fully owned by BSNL.

This approval authorizes BSNL to monetize its telecom tower infrastructure with the formation of a separate subsidiary company, read a government statement.

There are around 4,42,000 mobile towers in the country out of which more than 66,000 mobile tower are of BSNL. An independent, dedicated tower company of BSNL with a focused approach will lead to increasing of external tenancies and consequentially higher revenue for the new company.
 

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