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, it added.
"This approval authorises BSNL to monetise its telecom tower infrastructure with the formation of a separate subsidiary company," the statement said.
A tower infrastructure company owns the passive infrastructure asset and leases it to telecom service providers enabling them to minimise duplication of investments and economise on costs of operation and maintenance, leading to improvement in profitability.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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