The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for hiving off mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into a separate company to be 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.
This was a long standing demand of BSNL for raising resources from its infrastructure assets.