Rs 23K-cr BSNL, MTNL assets to be monetised

The Department of Investment and Public Asset Management (DIPAM) has approved monetisation of about 17 properties of Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) valued collectively about Rs 23,358 crore in the first phase. 

In the first phase of monetisation, 11 assets of BSNL valued at Rs 18,200 crore, and six assets of MTNL worth Rs 5,158 crore have been approved for monetisation, Minister of State for Commu­nications Devusinh Chauhan told Parliament on Wednesday. 

Of these, properties identified for monetisation in the first phase, four properties of BSNL whose reserve price was set at Rs 670 crore and