The Cabinet on Tuesday gave its approval for hiving off mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into…
Bharat Sanchar Nigam Limited (BSNL) building, Delhi. (File Photo: IANS)
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 authorises BSNL to monetise its telecom tower infrastructure with the formation of a separate subsidiary company,” an official statement said here.
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“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.
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There are around 4,42,000 mobile towers in the country out of which more than 66,000 mobile towers are of BSNL.
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