Business

Centre Begins Asset Monetization of BSNL, MTNL

The monetization commenced with the auction of first set of six properties belonging to the telecos.

New Delhi: The Centre has begun the non-core asset monetization of telecos — BSNL and MTNL.

Accordingly, DIPAM (Department of Investment and Public Asset Management) has begun auction of BSNL and MTNL assets.

The monetization commenced with the auction of first set of six properties belonging to the telecos.

“Non core asset monetization commences with the first set of six properties of BSNL/MTNL bid out on the MSTC portal,” DIPAM Secretary Tuhin Kanta Pandey tweeted on Saturday.

As per DIPAM website, asset monetization involves creation of new sources of revenue by unlocking of value of hitherto unutilized or under-utilized public assets.

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