BSNL may lease out Rs 50,000 crore worth of fibre assets to turn a corner

NEW DELHI: State-controlled Bharat Sanchar Nigam Limited (BSNL) is considering to lease out its vast fibre base in the absence of any monetary support from the Narendra Modi-led government, to further fund the voluntary retirement scheme (VRS), future spectrum buyouts as well as regularise capital expenses.

BSNL chairman Anupam Shrivastava, however, confirmed the move and without divulging further added that the entire exercise would take two to three months, and then the matter would be taken up for consideration by its Board members.