New Delhi, September 13: The Cabinet on Tuesday gave 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,” an official statement said here.
“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,” the statement added.
There are around 4,42,000 mobile towers in the country out of which more than 66,000 mobile towers are of BSNL.
This is published unedited from the IANS feed.