So far, BSNL has raised Rs 1600 crore through sale of properties to government departments as well as private entities. The company plans to raise Rs 20,000 crore in 4-5 years through land monetisation.
The Finance Ministry has partnered with the Telecom Ministry in order to dispose of BSNL and MTNL assets. This is in response to a letter that Telecom Secretary Neeraj Mittal sent to all state governments and central ministries and departments. More than 100 MTNL properties have been designated by the government for direct sale through an auction process.