DC Edit | BSNL, MTNL bailout welcome
1 year, 6 months ago

DC Edit | BSNL, MTNL bailout welcome

Deccan Chronicle  

The Union Cabinet’s decision to approve Rs 89,000-crore bailout package for Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd — two loss-making public sector telecom service providers — is a step in the right direction, given the strategic importance of these entities. Cumulatively, the government spent Rs 3.22 lakh crores for two state-owned units in the last four years — averaging at Rs 80,500 crores a year or Rs 220 crores a day. As a result of the first two packages and lower staff costs, BSNL began to record operating profits since FY 2021-22 and the total debt of BSNL has reduced from Rs 32,944 crores to Rs 22,289 crores. BSNL has recently signed an agreement with Tata Consultancy Services for the deployment of the 4G network across India, when Reliance Jio and Airtel are competing to roll out 5G Internet — a development that paints BSNL as an entity that cannot exist in the highly-competitive telecom sector without crutches handed out by the government using taxpayers’ money.

History of this topic

5.5 million customers port numbers to BSNL after private telcos hiked tariff
2 weeks, 6 days ago
Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators
3 weeks, 6 days ago
India: Telecom debt crosses ₹4 lakh crore in FY24
3 weeks, 6 days ago
BSNL gains 8 lakh subscribers in September 2024 as private players lose millions
1 month ago
BSNL's losses narrow to Rs 5,371 cr in FY24
5 months ago
Budget 2024: BSNL gets lion's share of ₹1.28 lakh crore for telecom sector
5 months ago
Government may hand over MTNL operations to BSNL and not merge them
5 months, 1 week ago
For bailouts to work, BSNL needs the freedom to perform
1 year, 5 months ago
Cabinet approves revival package of Rs 89,047 crore for BSNL
1 year, 6 months ago
Cabinet approves Rs 89,047 crore for 4G, 5G spectrum allocation to BSNL
1 year, 6 months ago
As MTNL fails to turn profitable, govt may shift ops to BSNL, says report
1 year, 6 months ago
BSNL had been used as a “cash cow” by certain people: IT Minister Ashwini Vaishnaw
2 years ago
Top news of the day: November 25, 2022
2 years ago
Data | How BSNL bled: The story behind public telecom giant’s fall in 6 charts
2 years, 4 months ago
Explained | The government package to revive BSNL fortunes
2 years, 4 months ago
Reviving BSNL in a competitive telecom market
2 years, 4 months ago
Cabinet approves 1.64L-crore plan to revive BSNL
2 years, 4 months ago
BSNL gets ₹1.64-lakh-crore lifeline from government
2 years, 4 months ago
Govt approves BSNL revival, merger with BBNL, saturation of 4G services in all uncovered villages
2 years, 4 months ago
Explained | BSNL and MTNL’s current performance
2 years, 8 months ago
BSNL giving full value offer on Rs 60 and Rs 110 prepaid plans, here is what they offer
3 years, 1 month ago
BSNL seeks Rs 40,000 crore support from government
3 years, 2 months ago
BSNL seeks ₹40,000 crore support from government
3 years, 2 months ago
BSNL revises base tariff of all prepaid mobile plans starting from Rs 153, check details
3 years, 3 months ago
BSNL eyes 4G rollout in 18-24 months: Dhotre
3 years, 9 months ago
BSNL may turn profitable from 2023-24, says parliamentary panel in report
3 years, 9 months ago
BSNL revises Rs 1999 prepaid plan to offer 2GB daily data with streaming benefits
3 years, 10 months ago
BSNL-MTNL merger unlikely to happen, not feasible or beneficial, say government officials
3 years, 10 months ago
BSNL starts telecom operations in Delhi and Mumbai, takes over MTNL's mobile network
3 years, 11 months ago
BSNL extends availability of Rs 137, Rs 1199 promotional prepaid plans till March 31, 2021
3 years, 11 months ago
BSNL reduces Rs 1499 plan validity to 365 days, gives 24GB data and calling benefits
4 years ago
Centre mandates all ministries, public departments, CPSUs to use BSNL, MTNL services
4 years, 2 months ago
BSNL gives full usage value on Rs 110 top-up in select circles for a limited period
4 years, 2 months ago
BSNL introduces new Rs. 399 prepaid plan: Know validity and more details
4 years, 4 months ago

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