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23 January, 2018 23:28 IST
Cabinet approves hiving off mobile tower assets of BSNL
Source: IRIS | 13 Sep, 2017, 11.29AM
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The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for hiving off mobile tower assets of Bharat Sanchar Nigam (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.

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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