In a strategic move to accelerate asset monetization, the Indian government is planning to sell MTNL's assets directly to central and state government entities without going through the auction route, according to exclusive information accessed by Profit.
The decision aims to simplify the sale process and unlock value from MTNL’s vast land and infrastructure holdings, especially in key metro locations like Delhi and Mumbai. These assets, previously tough to monetize due to complex auction procedures and lack of private interest, may now be transferred directly to government agencies and public sector undertakings (PSUs).
“The new plan could help reduce MTNL’s mounting debt while meeting infrastructure needs of government bodies,” a senior official familiar with the matter said.
Why It Matters:
MTNL (Mahanagar Telephone Nigam Limited) has long struggled with financial stress and declining revenues.
The direct sale model is expected to cut bureaucratic delays and enable faster liquidation of non-core assets.
This could support revival plans for the state-owned telecom firm, which is being merged with BSNL as part of a broader telecom restructuring strategy.
The government is likely to identify high-value properties first, including commercial buildings, office complexes, and land parcels, that could be used by other departments or for public projects.
FAQs
Q1: Why is the government skipping auctions for MTNL asset sales?
A: To simplify the process, reduce delays, and enable quicker monetization by selling directly to government bodies.
Q2: Who can buy these MTNL assets?
A: Only central and state government departments or public sector entities, as per the new plan.
Q3: What kind of assets are being sold?
A: MTNL’s land parcels, buildings, and telecom infrastructure in metro cities.
Q4: How will this benefit MTNL?
A: It will help reduce its debt burden and aid in the overall restructuring and revival strategy.
Published on 3rd july
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