Centre begins auction of BSNL, MTNL assets

The Centre has begun the non-core asset monetisation of telecos — BSNL and MTNL.

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

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

"Non core asset monetisation 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 monetisation involves creation of new sources of revenue by unlocking of value of hitherto unutilised or under-utilised public assets.

SEE ALSO:
Binance's CEO is buying his 1st home in crypto-friendly Dubai and confirms its US affiliate will close a multi-million dollar funding round soon

Tesla app outage that led to hundreds of drivers being locked out of their cars is being resolved, Elon Musk says