According to the latest update, BSNL has appointed KPMG India as a consultant to help in hiving off its tower assets into a new company. This will facilitate leasing out the infrastructure to private firms.
R. K. Upadhyay, Managing Director, BSNL, said, “The agency was appointed a little over a week ago. KPMG will advise BSNL on generating a separate revenue stream from the tower assets. It will offer us alternatives.”
Presently, BSNL has about 70,000 towers spread across the country. Moreover, it has a land bank of 4,400 hectares across the country which it plans to develop commercially. BSNL is expecting to earn a big amount as rental. According to an estimate, BSNL is aiming to earn a rental of Rs.250 crore annually from 2016-17. As far as 2013-14 is concerned, BSNL is expecting to earn Rs.91 crore.
