BSNL Centre to take over Rs 1,070 crore worth of wealth to private sector

Last updated Nov 23, 2021 10

The Central Government, which has led to the privatisation of public sector institutions one after the other, is taking the first step in selling the assets of two nationalized telecom companies Bharat Sanchar Nigam Limited (BSNL) and City Telephone Corporation Limited (MTNL). Meanwhile. In this context, the Department of Investment and Public Property Management has briefly issued an official notice to ‘Dimom’. According to the notice published on the ‘Depot’ website, the total number of two nationalized telecom companies is 1, Assets worth Rs 070 crore will be handed over to the private sector. Out of this, Bsnl has assets worth around Rs 800 crore while MTNL has Rs 270 crore. BSNL assets to be sold are located in Hyderabad, Chandigarh, Bhavnagar and Kolkata.

Similarly, MTNL has assets to sell at Wasarihil and Ashwara in Garhgaon, Mumbai. In the first phase, this sale process of BSNL and MTNL assets will be completed within the next one and a half months, news agency PTI reported. Release. The move to cash assets is part of the revival of BSNL and MTNL approved by the Central Government in 2019. Further, bsnl and MTNL have 37 by next 2022, The central government has set a target of selling assets worth Rs 500 crore.

Notably, the Centre has approved the Revival Scheme of Rs. 69,000 crore but till date it has not given any importance to bsnl’s 4G service delivery. B has expressed his anguish over the entire issue. Animesh Mitra, president of THE SNL Employees Union, said that bsnl’s plan to hand over towers and optical fibre cabs to the private sector in future is further strengthening the company.

We will create a strong agitation if the property sale initiative and such plans are not scrapped. It may be recalled that the Central Government has taken steps to privatise five to six public sector institutions during the current financial year. These include Bharat Petroleum Corporation Limited, Sleeping Corporation of India, Pawan Hans, Life Insurance Corporation Limited etc.