The central government is now preparing to sell the assets of MTNL. For this, the sales process has also been started. The finance ministry has invited bids from global property advisory companies till November 9.
new Delhi. Government sector telecom company Mahanagar Sanchar Nigam Limited (MTNL) is set to sell its assets. For this, the sales process has been started. The government has also invited bids from global property advisory companies to sell MTNL’s assets. The management of the sale of assets of MTNL will be the responsibility of a company selected from these. The Department of Investment and Public Asset Management (DIPAM) of the Ministry of Finance has asked property advisory companies to submit their bids by 9 November.
Which properties of MTNL will the government sell
The properties that MTNL will be selling include flats, apartments and plots. They are divided into five different clusters. According to a statement, DIPAM wants to appoint one property advisor for each of these clusters. These assets serve as quarters for MTNL employees, which is the situation in Mumbai, Maharashtra.
MTNL has given a list of properties submitted in this state
News agency PTI quoted Deepam in one of its reports as saying that the selected advisory companies will have to submit a feasibility report for each property allotted in three weeks. They will have to consult and help in completing these property deals. MTNL has submitted a list of these assets with monetization to DIPAM. These include staff quarters with three pieces of land, two staff quarters and a telephone exchange.
Some time back the central government has said that it has made mandatory to use the services of MTNL and BSNL for all ministries, government departments and units of government sectors. For this, the telecom department has asked all the ministries, departments, CPSEs and central autonomous organizations to use MTNL or MTNL network for internet, broadband, landline and leased line requirements.
, this order has been given by the government to reduce the losses of MTNL and MTNL. In the recent past, there has been a big decline in the number of subscribers of these two telecom companies. Bharat Sanchar Nigam Limited (BSNL) has a loss of Rs 15,500 crore in the financial year 2019-20. During this period, MTNL received Rs 3,694 crore.