Govt puts on sale MTNL, BSNL assets at base price of `970 crore

The Government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around `970 crore, according to documents uploaded on the DIPAM website.

BSNL properties located in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted for sale at a reserve price of around `660 crore.

The Department of Investment and Public Asset Management (DIPAM) website has listed MTNL assets located in Vasari Hill, Goregaon in Mumbai for sale at a reserve price of around `310 crore.

“This is the first stage of asset monetisation at MTNL and BSNL. Bids have been invited for BSNL assets worth `660 crore and MTNL assets worth `310 crore. We plan to complete the entire process within one-and-half months,” BSNL Chairman and Managing Director P K Purwar told PTI.