Consequent to the approval, the Department of Telecom (DoT) can constitute an inter-ministerial group for working out the capital and organisational structure of the new company after market valuation of its tower assets, which will be considered by the Union Cabinet.
As of now, BSNL has around 75,000 towers and out of which the PSU intends to shift some 65,000 to the new entity. Out of which around 50,000 towers have got optical fiber connectivity. BSNL expects valuation of its mobile tower company to be to the tune of Rs 20,000 crore. This new decision will help BSNL to realize full potential of its mobile tower business.