New Delhi Sep 12 (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 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.
--IANS
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