To
make the asset monetisation programme of BSNL a success, the government
plans to take the recently expanded Infrastructure Investment Trust
(InvIT) route. This will be the first major use of the route by a public
sector company and it follows last week’s announcement by the Reserve
Bank of India allowing banks to invest in InvITs.
Announcing the decision to merge MTNL with BSNL, telecom minister Ravi Shankar Prasad said that both companies would monetise their assets to raise the resources to retire debts, service the bonds and finance network upgradation, among others.
Announcing the decision to merge MTNL with BSNL, telecom minister Ravi Shankar Prasad said that both companies would monetise their assets to raise the resources to retire debts, service the bonds and finance network upgradation, among others.
