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Telecom tower News
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According to the report, over the past few fiscals, even as the number of towers rose, average rental realisation moderated 3-5 per cent because of discounts on renewals and demand for leaner4 towers.
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According to a telecom ministry spokesperson, financial support for the project will be provided by Universal Services Obligation Fund.
The project was announced by Telecom Minister Ashwini Vaishnaw at three-day long 'Digital India Conference of State IT Ministers' that concluded on October 3.
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Shares of infrastructure company KEC International Thursday surged nearly 10 percent as the company entered into a pact with ATC Telecom Tower for sale of telecom assets in Chhattisgarh, Meghalaya and Mizoram for about Rs 81 crore.
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