BSNL reworking 5G trials to suit new norms

State-run BSNL has raised โ‚น8,500 crore via government-guaranteed bonds, CMD P. K. Purwar said on Monday, adding that the ficompany was reworking its 5G trials proposal to partner with a firm that would not be impacted by the recent curbs on public procurement from countries with common border.

โ€œWe got 229 bids [for the bonds] worth โ‚น17,183 crore,โ€ he said. โ€œThe issue was subscribed over 2.02 times of the total issue size and over 17 times of the base issue size of โ‚น1,000 crore.

โ€œWe have accepted bids to the tune of โ‚น8,500 crore,โ€ Mr. Purwar told reporters.

To a query on BSNLโ€™s application for 5G trials in partnership with ZTE, Mr. Purwar said, โ€œWe had applied for 5G. Considering the changes done to General Financial Rules (GFR) provisions we have to revisit our application and we are in the process of doing that.

โ€œAt this stage, I will not like to say if I will partner company A or B but we are open to partner with every company which is not adversely impacted by the present GFR provisions.โ€

He also said 11 out of 14 land parcels, identified by BSNL for asset monetisation, had got approval from the inter-ministerial group.

โ€œThe value of those assets is about โ‚น18,000 crore and those assets are supposed to be monetised in the coming 12-month period,โ€ he said, adding that this could be a challenge given the slowdown in economic activity due to COVID-19.

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