India opens non-auction route for BSNL, MTNL asset monetisation; priority access to central bodies

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India has approved a new framework to accelerate the monetisation of assets held by state-run telecom firms BSNL, MTNL, and ITI, allowing the government departments and organisations to acquire these assets without going through an auction process.

A Committee of Secretaries, chaired by the Cabinet Secretary, has cleared the transfer mechanism, which permits direct purchases at a “market rate” determined through a tiered process.

For assets valued below 10 crore, BSNL, MTNL, and ITI will fix the price. For those above 10 crore, the Central Public…



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India opens non-auction route for BSNL, MTNL asset monetisation; priority access to central bodies


India has approved a new framework to accelerate the monetisation of assets held by state-run telecom firms BSNL, MTNL, and ITI, allowing the government departments and organisations to acquire these assets without going through an auction process.

A Committee of Secretaries, chaired by the Cabinet Secretary, has cleared the transfer mechanism, which permits direct purchases at a “market rate” determined through a tiered process.

For assets valued below 10 crore, BSNL, MTNL, and ITI will fix the price. For those above 10 crore, the Central Public…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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