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BSNL Tower Co starts individual accounting approach because Oct 1

As Bharat Sanchar Nigam Ltd (BSNL) intends to concentration on its main companies, its non-telecom things to do will be carried out by subsidiary BSNL Tower Corporation (BTCL), which started a individual accounting method from Oct 1.

BTCL will undertake all initiatives in which BSNL — the Point out-owned telecom operator — is typically a facilitator. Additional, the execution of non-telecom initiatives will assistance BSNL lessen its licence price legal responsibility on functions which do not call for telecom licenses.

In instances wherever telecom exercise is component of projects undertaken by BTCL, then BSNL will issue invoices at arm’s length principle to the latter.

BTCL will undertake wise city assignments, organization small business, external get the job done as venture management consultants for State Governments, general public sector financial institutions and autonomous bodies among others, in accordance to a letter by BSNL Chairman and Running Director PK Purwar.

Non-telecom routines

Even further, the Chief Common Professionals of all circles and heads of metro circles had been requested to establish non-telecom actions that can be carried out by BTCL.

The CGMs have to discover present manpower in BSNL, who can be moved over to BTCL and doing the job financial loans or innovations would also be allotted to BTCL. Also the telecom actions can be billed by BSNL to BTCL at arm’s size basic principle so that the implication of licence is limited to telecom licence action only.

BTCL was shaped to just take in excess of tower infra property of BSNL’s mobility division and get the job done as an infrastructure company class-I (IP-I) and to manage darkish fibre, ducts and offer telecom infrastructure on lease to other players. BTCL was formed in 2018 below the Businesses Act of 2013.

Marking its 20th Foundation Day, BSNL is celebrating a ‘Customer Delight Month’ this October in the course of the region.