The Department of Telecommunications ( DOT) is examining the issue of forming a new company while demerging the VSNL land, that has not been given to the Tatas at the time of privatisation. The 773 acres of land spread over five locations in Delhi, Mumbai, Kolkata, Chennai and Pune was kept with the DOT, while the VSNL was handed over to Tata Telecommunications.
But it seems that the main target of the government is to sell the lands in the prime locations in the metro cities since there are pressures from the big businees for usurping the lands at low price.
The Govenment which has been selling the PSUs for one tenth of the price may do the same thing with the lands also unless the issue is focussed before the sale takes place.