BSNL to hive off telecom tower infra
20 Aug 2012 7:44 AM GMT
Telecom PSU BSNL is considering hiving off its telecom tower infrastructure into a separate company and will float a tender this week for appointment of a consultant to suggest the business roadmap.
‘We are exploring opportunity to bring our tower business under separate company for optimum utilisation. In this regard, BSNL will issue expression of interest this week to appoint consultant that will suggest us the roadmap,’ BSNL chairman and managing director R K Upadhyay said.
He added that company has around 70,000 towers and it will explore various business models that can realise value of its infrastructure.
The Committee has suggested to form separate ‘subsidiary company for tower related infrastructure to aggressively market to other public and private sector customers and unlock whole/substantial potential value through strategic stake sale, mergers and acquisition or separate IPO (Initial Public Offer).’
‘We are exploring opportunity to bring our tower business under separate company for optimum utilisation. In this regard, BSNL will issue expression of interest this week to appoint consultant that will suggest us the roadmap,’ BSNL chairman and managing director R K Upadhyay said.
He added that company has around 70,000 towers and it will explore various business models that can realise value of its infrastructure.
The Committee has suggested to form separate ‘subsidiary company for tower related infrastructure to aggressively market to other public and private sector customers and unlock whole/substantial potential value through strategic stake sale, mergers and acquisition or separate IPO (Initial Public Offer).’
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