Government to sell BSNL’s mobile towers and optic fibre to raise Rs.40,000 crore.

The Modi government has decided to raise Rs.40,000 crore, by selling the mobile towers and optic fibre of BSNL and MTNL. The government has decided to raise Rs.2.5 lakh crore through Asset Monetisation. The Finance Minister, Ms. Nirmala Sitharaman, has announced this in the budget. In this, the government has decided to raise Rs.1.3 lakh crore, by selling the assets of Railways and BSNL. As per media reports, Rs.40,000 crore will be raised by the Government, by selling the telecom towers and optic fibre owned by BSNL and MTNL. The government may induct a strategic partner in the Subsidiary Tower Company of BSNL and can monetise the towers. The news item published in today’s Times of India is attached. 

[Source: Times of India dated 12^th March, 2021]