India approves plan to hive off BSNL's mobile tower assets

India approves plan to hive off BSNL's mobile tower assets

A man speaks on his mobile phone as he walks past a Bharat Sanchar Nigam Ltd (BSNL) advertisement painted on a wall outside its office in Kolkata, August 24, 2017. REUTERS/Rupak De Chowdhuri/Files

The union cabinet approved a proposal to separate Bharat Sanchar Nigam Ltd’s (BSNL) mobile tower assets into a new unit, a move that will potentially generate revenues and improve finances of the state-run telecom firm.

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