New Delhi: India approved a plan on Tuesday to hive off mobile tower assets of state-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) into a separate unit.
This will help BSNL to monetize its telecom tower infrastructure with the formation of a separate unit that will be fully owned by BSNL.
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 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.
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.