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Govt begins asset sale process for BSNL and MTNL, hires consultancy firms

Feasibility report likely by July end

telecom, trai, mobile, smarphone, tech, 4g, 5g, bsnl
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The sale of the land bank of BSNL and MTNL is expected to help the government offer relief packages to the financially stressed state telcos.

Megha Manchanda New Delhi
The Union government has started the process of monetising landholdings of state-owned telcos Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). In a  definite first step, the Department of Investment and Public Asset Management (DIPAM) has appointed consultancy firms CBRE, JLL, and Knight Frank to look at the feasibility of such a  sale during the pandemic.

The consultants will submit their reports by end of the month.

The asset monetisation of BSNL and MTNL, estimated to fetch around Rs 37,500 crore, was discussed at a meeting in the Prime Minister’s Office (PMO) last week. The telecom department has now