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India approves plan to hive off BSNL's mobile tower assets
September 12, 2017 / 12:08 PM / 9 days ago

India approves plan to hive off BSNL's mobile tower assets

A man speaks on his mobile phone as he walks past a Bharat Sanchar Nigam Ltd (BSNL) advertisement painted on a wall outside its office in Kolkata, August 24, 2017. REUTERS/Rupak De Chowdhuri/Files

REUTERS - India approved a plan on Tuesday to hive off mobile tower assets of state-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) into a separate unit.

This will help BSNL to monetize its telecom tower infrastructure with the formation of a separate unit that will be fully owned by BSNL (bit.ly/2h1c2HU).

Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu

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