Consultants roped in to evaluate land monetisation process for BSNL, MTNL: CMD

In line with the asset monetisation plans for state-owned telecom firms BSNL and MTNL, four consultants including CBRE, JLL and Knight Frank have been roped in to gauge the market appetite and assess the process that could be adopted, a top company official said. A preliminary report on the land monetisation process is likely to be submitted by the month-end, BSNL Chairman and Managing Director P K Purwar added.

As many as 11 assets have been shortlisted for monetisation in case of Bharat Sanchar Nigam Ltd (BSNL) and about five for Mahanagar Telephone NigamNSE -1.26 % Ltd (MTNL).

Purwar — who earlier this year was also handed the additional charge of MTNL — confirmed that CBRE, JLL and Knight Frank are among the consultancy firms appointed by the Department of Investment and Public Asset Management (DIPAM) for the process.