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

Business Standard
July 8, 2020
Megha Manchanda

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.

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