BSNL Financial Crisis: BSNL now selling its assets, Announced to sell its Land in Mangalore to improve financial situation

To improve its financial situation, Bharat Sanchar Nigam Limited (BSNL) has announced that it will sell its land parcels in Mangalore. The land, which is located near Kadri Park, is about two acres in size and is called Store Yard. BSNL plans to auction it off electronically, with a minimum price of Rs 39 Crores. Buyers will also need to make an Earnest Money Deposit (EMD) of Rs 1.95 Crores, which shows their commitment to the purchase.

The deadline for submitting bids is July 1, 2024, according to Ujwal Gulhane, the Chief General Manager of BSNL’s Karnataka circle.

BSNL is also working on expanding its infrastructure in the region. They have plans to set up 672 new 4G towers in Dakshina Kannada and Udupi districts. This is part of a larger project supervised by the Government of India, aiming to improve network coverage, especially in rural areas where there is limited connectivity.

Currently, BSNL has already built towers in 40 out of 57 identified locations in Dakshina Kannada, and 30 out of 36 sites in Udupi. These efforts are part of BSNL’s strategy to establish a standalone Make-in-India 4G network, which will prepare them for future 5G technology.