Source: LiveMint.com, Sept 13, 2017
New Delhi: The union cabinet approved a proposal to separate Bharat Sanchar Nigam Ltd’s (BSNL) mobile tower assets into a new unit, a move that will potentially generate revenues and improve finances of the state-run telecom firm.
“This approval authorizes BSNL to monetize its telecom tower infrastructure,” the government said in a statement on Tuesday.
BSNL owns more than 66,000 mobile towers in India, almost 15% of the around 442,000 mobile towers in the country.
“An independent, dedicated tower company of BSNL with a focused approach will lead to increasing of external tenancies (or number of companies using a tower) and consequentially higher revenue for the new company,” the government said. Read the rest of this entry »