Telecom PSU BSNL is planning to bring its telecom tower business under separate company.
The move is in line with recommendation made by Sam Pitroda Committee for revamping business of the PSU whose profit started declining from Rs. 10,183 crore in 2004-05 before showing a loss in 2009-10, reports PTI.
"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," PTI quoted BSNL Chairman and Managing Director R K Upadhyay as asying.
Upadhyay said that the company is planning to various business models that can realise value of its infrastructure. It has around 70,000 towers.