BSNL puts 13 properties up for auction on MSTC website
The state-run telecom company said in a statement issued on Monday that the company has invited bids for the sale of 13 properties in Andhra Pradesh, Madhya Pradesh, Gujarat, Telangana and Uttar Pradesh by December 5.
“BSNL has entered into an agreement with MSTC for online sale of properties through the MSTC portal,” the public sector telecom company said.
Loss-making BSNL had identified 14 assets worth Rs 20,160 crore. The list was then handed over for sale to the Department of Investment and Public Asset Management (DIPAM) as part of ambitious asset monetization plans.
The public sector company said, “BSNL has land and buildings in different parts of the country. The company is aggressively trying to monetize its surplus assets ie market them. The amount received from this will be used for the expansion of the telecom network and revival of the company.
