BSNL Planning to Rake in Rs 1200 Crore through Land Sale

BSNL Can Use the Money for 4G Rollout

While the approximate value (Rs 1200 crore) that is expected to come through the sale of the land assets won’t create a big difference for BSNL, it will still be better than nothing. The telco can use the money for 4G rollout in the Tamil Nadu and Chennai circle.

The expected time frame for the process to be complete for sale is next year. That will be the year when we might see BSNL getting aggressive with 4G while all the other operators are rolling out 5G networks.

These properties should see high interest from the builders’ community. Multiple land parcels on sale from BSNL could be turned into residential property. BSNL will take up all the money that it can since rolling out 4G networks across India won’t be cheap.

The telco has already asked for help from the Department of Telecommunications in regards to capex requirements for 4G. While BSNL is EBITDA positive, the telco will require a lot of money for providing blanket 4G coverage.