NEW DELHI, Sept 12 (AGENCIES): Union 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 authorises BSNL to monetise its telecom tower infrastructure with the formation of a separate subsidiary company.
More than 15 per cent of mobile towers in the country are of BSNL. Figures show that there are around 4,42,000 mobile towers in India, out of which more than 66,000 mobile tower are of BSNL.
The Cabinet Committee also gave its approval for development of six laning of Narasannapeta-Ranastalam section of National Highway (NH) – 16 (old NH-5) in Andhra Pradesh.
The cost is estimated to be Rs 1,423 crore including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the six laning road to be developed is approximately 54 km.
This work will be done under National Highways Development Project (NHDP) Phase V on Hybrid Annuity Mode.