Property of each the state-owned telecom operators together with Bharat Sanchar Nigam Restricted (BSNL) and Mahanagar Phone Nigam Restricted (MTNL) at the moment are at sale. Based on a PTI report, the entire worth of the property is Rs 970 crore. The property of BSNL and MTNL that we’re speaking about consists of land and buildings in Chandigarh, Hyderabad, Kolkata, Bhavnagar and Mumbai.
Based on the paperwork uploaded on the Division of Funding and Public Asset Administration (DIPAM) web site, BSNL property value Rs 660 crore and MTNL property value Rs 310 crore are on sale.
First Stage of Property Monetisation for BSNL, MTNL
P Okay Purwar, CMD, BSNL, mentioned that is the primary stage of property monetisation for BSNL and MTNL. Purwar mentioned that your entire course of has been deliberate to finish inside one and a half months.
MTNL has 20 flats in Oshiwara which have been put up on the market. The e-auction is about to happen on December 14 for MTNL property. Word that asset monetisation was a key a part of the revival bundle introduced by the federal government in 2019 for BSNL and MTNL.
This can be a great point for the telcos. BSNL can actually use the money from the monetisation course of to roll out 4G networks sooner. The state-run telco had raised considerations about not having sufficient money movement to help the capex required for the 4G rollout.
Nonetheless, BSNL will nonetheless take plenty of time from now to roll out 4G providers. It’s because there have been slowdowns and points within the proof of idea (PoC) course of. Tata Consultancy Providers (TCS) hasn’t fully adopted the foundations specified by the Categorical of Curiosity (EoI) situations. Additional, the telco was denied the chance to improve 2G and 3G websites to 4G in southern and western India. Had it been authorized, BSNL would have upgraded over 13,533 websites to 4G.