Cabinet approval for hiving off BSNL mobile towers business still hanging fire

KOLKATA: Cabinet approval for hiving off BSNL’s mobile towers into a wholly owned subsidiary is hanging fire as the government is undecided on the standalone business potential of the 65,000-strong tower network.

DoT has asked BSNL to submit a detailed monetisation plan of its tower assets in consultation with KPMG, a top executive of the telco told ET. “The government wants to get a sense of annual cash flows that can be generated by leasing out BSNL’s existing tower assets before it takes a call on the hive off,” the executive added.