BSNL Gets Cabinet Nod to Hive Off Towers Biz into Separate Firm | CORPORATE ETHOS

BSNL Gets Cabinet Nod to Hive Off Towers Biz into Separate Firm

By: | September 13, 2017
Mobiletower

Sep 13:  State-run Bharat Sanchar Nigam Ltd (BSNL) has received the approval of the Union cabinet to hive off its mobile towers, numbering close to 66,500, into a separate company. The move comes following an attempt towards monetising the towers either by listing the new entity or leasing the masts to private firms.

Going by statistics, 15 percent of all the 4,42,000 mobile towers in the country are owned by BSNL. The state run telecom provider is taking the route tread by private operators by looking to form separate outfits that would take care of the towers.

With the Cabinet nod too coming in, Bharat Sanchar Nigam would also aim at harnessing the full potential of its mobile towers by creating a separate completely owned subsidiary. As per government norms, telecom operators and mobile tower companies can mutually share towers for lowering capital and operational expenses.

BSNL owns 66457 mobile towers. With the hiving off soon to be real, other service providers will also be able to use these towers. The new firm will be fully owned by BSNL and the process of creating the new subsidiary will be completed in two years, reports quoting telecom department sources added.