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# Business

Cabinet gives nod to hive off BSNL’s tower assets into separate company

The Cabinet on Tuesday gave its approval for hiving off mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into…

IANS | New Delhi | September 12, 2017 6:30 pm

Cabinet gives nod to hive off BSNL’s tower assets into separate company

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.

“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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