Over 10,500 telecom towers to be outsourced.

A consortium of a Pakistani firm and a UAE-based company reported on Tuesday that Telecom Tower Infrastructure Company has "conditionally accepted the offer" to sell over 10,500 telecom towers to the conglomerate in Pakistan.

An industry official told that the outsourcing of the mobile towers by a leading mobile phone service provider would help it improve tower management and reduce cost as well.

At the same time, the sale will enable it to focus more on its core business of providing improved services and offer better products to mobile phone users.

TPL Properties Company Secretary Danish Qazi said in a notification to Pakistan Stock Exchange (PSX) that "the parent of one of the...