BSNL may turn profitable from 2023-24, says parliamentary panel in report
3 years, 9 months ago

BSNL may turn profitable from 2023-24, says parliamentary panel in report

Hindustan Times  

Loss-making state-owned telecom firm BSNL expects to turn profitable from the financial year 2023-24 subject to roll-out of plans and strategies envisaged under the revival package, according to a parliamentary panel report. In October 2019, the government had approved the revival package for BSNL and MTNL, which included voluntary retirement scheme, support for 4G spectrum, monetisation of core and non-core assets, sovereign guarantee for bonds to be raised by the public sector undertakings, and merger of MTNL and BSNL in the short run. According to the report, the expenditure of BSNL has reduced from ₹34,400 crore per annum to ₹24,687 crore per annum, annualised value of nine months figures, mainly due to savings in employee benefits expenses due to VRS as part of revival package. "Expected revenue from monetisation of land/building assets of BSNL and MTNL during 2021-22 is ₹1,200 crore and ₹300 crore, respectively," the report said.

Services Report Crore Vrs Bsnl Mtnl 4G Service 4G Services Turn Profitable  turn  profitable  panel  monetisation  crore  services  assets  202324  mtnl  bsnl  parliamentary  4g  revenue  report  revival

History of this topic

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators
3 weeks, 6 days ago

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators

ABP News  

The cumulative debt of the country’s four major telecom operators reached Rs 4,09,905 crore in the financial year 2024, with state-run Bharat Sanchar Nigam Limited reporting the lowest debt at Rs 23,297 crore, Parliament was informed. According to the data, Vodafone Idea carried the heaviest debt load at Rs 2.07 lakh crore, followed by Bharti Airtel at Rs 1.25 lakh …

India: Telecom debt crosses ₹4 lakh crore in FY24
3 weeks, 6 days ago

India: Telecom debt crosses ₹4 lakh crore in FY24

Deccan Chronicle  

New Delhi: The government on Wednesday said that the total debt on four major telecom operators in the country, including Reliance Jio, Bharti Airtel and Vodafone Idea stood at over Rs 4 lakh crore in the financial year 2024, with state-owned Bharat Sanchar Nigam Limited recording the lowest debt among competitors at Rs 23,297 crore. According to data shared by …

BSNL teases imminent MTNL 4G launch, bringing high-speed internet to Delhi, Mumbai
3 months, 2 weeks ago

BSNL teases imminent MTNL 4G launch, bringing high-speed internet to Delhi, Mumbai

India TV News  

BSNL and MTNL are set to bring good news to their millions of users. The video promises superfast connectivity in the near future and highlights BSNL's ongoing efforts to upgrade over 25,000 mobile towers, with plans to introduce 4G towers in new locations. The company aims to provide improved connectivity to its users and plans to install 1 lakh mobile …

BSNL's losses narrow to Rs 5,371 cr in FY24
5 months ago

BSNL's losses narrow to Rs 5,371 cr in FY24

Deccan Chronicle  

New Delhi: State-owned Bharat Sanchar Nigam Ltd has cut its losses significantly as the year-on-year rise in its earnings before interest, tax, depreciation and amortisation or EBITDA stood at Rs 2,164 crore for FY24, while losses narrowed to Rs 5,371 crore. According to the details of last five years’ performance of BSNL shared by the Minister, EBITDA stood at Rs …

Budget 2024: BSNL gets lion's share of ₹1.28 lakh crore for telecom sector
5 months ago

Budget 2024: BSNL gets lion's share of ₹1.28 lakh crore for telecom sector

Hindustan Times  

Government-owned Bharat Sanchar Nigam Limited has been allocated a lion's share of ₹82,916 crore out of the total ₹1.28 lakh crore earmarked for the telecom sector. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Finance minister Nirmala Sitharaman in her budget speech proposed to allocate over ₹1 lakh crore together for both BSNL and MTNL, another state-owned entity. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} For pension-related …

Government may hand over MTNL operations to BSNL and not merge them
5 months, 1 week ago

Government may hand over MTNL operations to BSNL and not merge them

Hindustan Times  

The government is considering to just hand over operations of the public sector telecom operator MTNL to the bigger BSNL instead of merging the two, Times of India reported, citing unidentified sources. Handing over debt-laden MTNL's operations to Bharat Sanchar Nigam Ltd through an agreement is being looked into {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Both MTNL and BSNL have struggled financially …

BSNL trying to monetise land assets for capital expenditure, infrastructure upgrades
5 months, 3 weeks ago

BSNL trying to monetise land assets for capital expenditure, infrastructure upgrades

The Hindu  

Bharat Sanchar Nigam Ltd. Karnataka Telecom Circle chief general manager Ujwal Gulhane on Thursday said the company is trying to monetise its excess land assets to fund capital expenditure, including infrastructure upgradation. With the earnings enough only for operational expenditure, it needed funds for capital expenditure and hence a decision was taken at the all-India level to monetise excess land, …

BSNL pan-India 4G launch pushed to Dec, employees’ union seeks Vi network usage
10 months, 1 week ago

BSNL pan-India 4G launch pushed to Dec, employees’ union seeks Vi network usage

Live Mint  

Bharat Sanchar Nigam Ltd’s pan-India 4G service launch will get pushed to December due to delays by vendor Tata Consultancy Services Ltd to install 4G equipment, its management told the employees’ union last week, prompting the state-run telecom operator’s workers to ask the Centre to allow the company to temporarily use rival Vodafone Idea’s 4G network. In a letter to …

For bailouts to work, BSNL needs the freedom to perform
1 year, 5 months ago

For bailouts to work, BSNL needs the freedom to perform

Live Mint  

In a virtual town hall on July 28 last year – shortly after the union government announced a ₹1.64 lakh crore revival package for Bharat Sanchar Nigam Limited – its chairman and managing director called on all employees to “perform or perish". Calling for a network uptime of 98-99 % and faults to be cleared “within four hours", he also …

Is it too late to revive BSNL?
1 year, 6 months ago

Is it too late to revive BSNL?

Live Mint  

“India plans to turn its creaky telecom department into a company next month," Reuters wrote in a news article on 29 September 2000. With 2.4 crore telephone connections, BSNL, overnight, became one of India’s largest companies—its annual turnover, back then, was assessed at ₹20,000 crore and it had a book value of assets worth ₹68,000 crore. 4G in times of …

BSNL to launch 4G services in Patna by year-end
1 year, 6 months ago

BSNL to launch 4G services in Patna by year-end

Hindustan Times  

Bharat Sanchar Nigam Limited is likely to launch 4G mobile service by the end of this year in Patna, its principal general manager for Patna telecom district, Arbind Prasad, said on Monday. Currently, BSNL has mobile subscribers’ base of around 57.75 lakh in Bihar licensing service area against 4 crore of Bharati Airtel, 3.67 crore of Reliance Jio and 83.93 …

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 …

Cabinet approves revival package of Rs 89,047 crore for BSNL
1 year, 6 months ago

Cabinet approves revival package of Rs 89,047 crore for BSNL

Firstpost  

BSNL, struggling with poor infrastructure, has been battered by intense competition from Jio, the wireless arm of Reliance Industries, Bharti Airtel and Vodafone Idea which have rolled out 4G services at low prices on voice calls and data. In a significant move, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the third revival package for BSNL …

Cabinet approves Rs 89,047 crore for 4G, 5G spectrum allocation to BSNL
1 year, 6 months ago

Cabinet approves Rs 89,047 crore for 4G, 5G spectrum allocation to BSNL

India TV News  

The Union Cabinet on Wednesday approved the third revival package for BSNL with a total outlay of Rs 89,047 crore, primarily for expenses related to spectrum for 4G and 5G services, Telecom and IT Minister Ashwini Vaishnaw said. With the third and last revival package, the total financial support extended to BSNL has crossed Rs 3.22 lakh crore. The package …

As MTNL fails to turn profitable, govt may shift ops to BSNL, says report
1 year, 6 months ago

As MTNL fails to turn profitable, govt may shift ops to BSNL, says report

Business Standard  

The government is planning to bring down curtains on the telecom operator Mahanagar Telephone Nigam Ltd, Mint reported. The plan is to shift MTNL's staff and operations to Bharat Sanchar Nigam Ltd, people aware of the development were quoted as saying in the report. Notably, BSNL's financial standing has become stronger over the past few years, thanks to the Rs …

BSNL to launch India-developed 4G services
1 year, 10 months ago

BSNL to launch India-developed 4G services

Hindustan Times  

State-owned telecom firm BSNL will soon launch indigenously developed 4G services in the country and plans to cover 28,000 villages under the BSNL 4G saturation project, a top official said. BSNL indigenously developed 4G service likely to be rolled out this year. BSNL Director Arvind Vadnerkar in a press conference here said that the firm will very soon launch an …

BSNL had been used as a “cash cow” by certain people: IT Minister Ashwini Vaishnaw
2 years ago

BSNL had been used as a “cash cow” by certain people: IT Minister Ashwini Vaishnaw

The Hindu  

Bharat Sanchar Nigam Limited had gone through a very bad phase “primarily” due to political parties during the UPA government, and was used like a “cash cow” by certain people who were still Members of Parliament, the Union Information Technology Minister Ashwini Vaishnaw said during Question Hour, on Wednesday. That time has gone…those days are gone… for certain people— from …

BSNL to launch 5G in August 2023, but before that it will launch 4G across India
2 years, 2 months ago

BSNL to launch 5G in August 2023, but before that it will launch 4G across India

India Today  

India's two big private telecom operators, Reliance Jio and Airtel, have started rolling out the 5G services in India and are expected to spread the service across India by 2024. Minister of Communication Ashwini Vaishnaw recently revealed that the government-led telecom network BSNL is on track to launch the 4G services in the country by January 2023. Announcing the 5G …

BSNL to start rolling out 4G network from November
2 years, 2 months ago

BSNL to start rolling out 4G network from November

The Hindu  

State-owned telecom firm BSNL will start rolling out 4G network from November onwards and gradually upgrade it to 5G by August next year, a top company official said on Monday. Mr. Purwar said the 4G network gears that the company is purchasing will be upgradable to 5G through software updates. When asked about the timeline of BSNL's plans to roll …

Data | How BSNL bled: The story behind public telecom giant’s fall in 6 charts
2 years, 4 months ago

Data | How BSNL bled: The story behind public telecom giant’s fall in 6 charts

The Hindu  

On July 27, the Union Cabinet approved a ₹1.64 lakh crore package to revive the state-owned telecom firm, Bharat Sanchar Nigam Limited. Not only is the subscriber base falling, but the revenue BSNL makes from each user is also a fraction of what private service providers get. The average revenue earned per user by BSNL is 2.5 times lower than …

Explained | The government package to revive BSNL fortunes
2 years, 4 months ago

Explained | The government package to revive BSNL fortunes

The Hindu  

The story so far: The Bharat Sanchar Nigam Ltd. was incorporated in September 2000 as a company to take over the business of providing telephone connectivity from the central government’s Department of Telecom Services. Last week, the Union Cabinet approved a ₹1.64 lakh crore revival package for BSNL with a cash component of ₹43,964 crore. THE GIST Last week, the …

Cabinet approves 1.64L-crore plan to revive BSNL
2 years, 4 months ago

Cabinet approves 1.64L-crore plan to revive BSNL

Deccan Chronicle  

New Delhi: The Union Cabinet on Wednesday approved a 1.64 lakh crores revival package for the merger of Bharat Broadband Network Limited into the state-owned telecom operator Bharat Sanchar Nigam Limited. The government is also approving sovereign guarantee bond issuance for the cash-crunched BSNL to repay its bank loans as the state-run telecom service provider is saddled with a hefty …

BSNL gets ₹1.64-lakh-crore lifeline from government
2 years, 4 months ago

BSNL gets ₹1.64-lakh-crore lifeline from government

The Hindu  

In yet another effort to revive the state-owned telecom firm Bharat Sanchar Nigam Limited, the Union Cabinet on July 27 approved a ₹1.64–lakh crore package for its revival. The package, which has a cash component of ₹43,964 crore and a non-cash component of ₹1.2 lakh crore spread over four years, will include administrative allotment of 4G spectrum worth ₹44,993 crore. …

Govt approves BSNL revival, merger with BBNL, saturation of 4G services in all uncovered villages
2 years, 4 months ago

Govt approves BSNL revival, merger with BBNL, saturation of 4G services in all uncovered villages

India TV News  

Highlights The Modi cabinet approved Rs 1.64 lakh crore revival package for the BSNL It also approved merger of BSNL and BBNL Govt also approved project for saturation of 4G mobile services in all uncovered villages BSNL revival: The Union Cabinet on Wednesday approved the revival of Bharat Sanchar Nigam Limited and the merger of Bharat Broadband Network and BSNL, …

Explained | BSNL and MTNL’s current performance
2 years, 8 months ago

Explained | BSNL and MTNL’s current performance

The Hindu  

The story so far: Telecom Minister Ashwini Vaishnaw, during the recently-concluded Budget session of the Parliament, had said the state-owned telecom operator, BSNL, was now a stable entity and making operating profits. Earlier this month, Minister of State for Communications Devusinh Chauhan had informed the Rajya Sabha that the merger of the state-owned telecom operators had been deferred owing to …

Govt. puts on sale MTNL, BSNL assets at base price of ₹970 crore
3 years, 1 month ago

Govt. puts on sale MTNL, BSNL assets at base price of ₹970 crore

The Hindu  

The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of about ₹970 crore, according to documents uploaded on the DIPAM website. The Department of Investment and Public Asset Management website has listed MTNL assets located in Vasari Hill, Goregaon in Mumbai for sale at a reserve price of about …

BSNL seeks Rs 40,000 crore support from government
3 years, 2 months ago

BSNL seeks Rs 40,000 crore support from government

India TV News  

State-owned telecom firm BSNL has approached the government for Rs 40,000 crore financial help, half of which it needs in the form of sovereign guarantee to clear short-term debt. We have asked for Rs 20,000 crore sovereign guarantee to pay back our short-term debt and issue long-term bonds. The BSNL CMD confirmed that he has approached the government for support, …

BSNL seeks ₹40,000 crore support from government
3 years, 2 months ago

BSNL seeks ₹40,000 crore support from government

The Hindu  

State-owned telecom firm BSNL has approached the government for ₹40,000 crore financial help, half of which it needs in the form of sovereign guarantee to clear short-term debt. BSNL Chairman and Managing Director P. K. Purwar told PTI that the company does not need any additional debt and its business has become self-sustainable to support the operations. The Appointments Committee …

BSNL eyes 4G rollout in 18-24 months: Dhotre
3 years, 9 months ago

BSNL eyes 4G rollout in 18-24 months: Dhotre

Hindustan Times  

State-owned Bharat Sanchar Nigam Ltd expects the roll-out of its 4G wireless service to be completed in 18-24 months, Sanjay Dhotre, minister of state for communications, said on Wednesday. BSNL had invited expressions of interest on January 1 seeking prior registration or proof of concept from Indian telecom equipment manufacturers interested in participating in its upcoming 4G tender, Dhotre said. …

BSNL employees' union alleges management failure in implementing revival package
3 years, 10 months ago

BSNL employees' union alleges management failure in implementing revival package

Hindustan Times  

BSNL employees' union has alleged that the company's management has failed in implementing the revival package offered by the government in October 2019. In a letter to BSNL Chairman and Managing Director P K Purwar on Thursday, the union has alleged that the state-owned telecom firm failed to disburse salary on due date in 2020 despite the government's revival package. …

BSNL starts 4G services in Chhattisgarh, Vi migrates to 4G spectrum in Gujarat
3 years, 11 months ago

BSNL starts 4G services in Chhattisgarh, Vi migrates to 4G spectrum in Gujarat

India Today  

Government-owned telco Bharat Sanchar Nigam Limited has started providing 4G service in Bilaspur and Korba cities of Chhattisgarh. Global companies including Ericsson, Huawei, ZTE, Nokia and Mavenir Systems have also purchased the document which reportedly asserts that the core for the source code of the software has to be indigenous. The auction process will include the 700 MHz, 800 MHz, …

BSNL will not survive for more than 2 years without affordable 4G equipment, employees tell govt
4 years ago

BSNL will not survive for more than 2 years without affordable 4G equipment, employees tell govt

India Today  

Government-owned telco Bharat Sanchar Nigam Limited in the past year has tried getting many improvements where broadband and prepaid benefits are concerned. BSNL employees group called the All Unions and Associations of BSNL has written to Prime Minister Narendra Modi and to Minister of Communications Ravi Shankar Prasad expressing the need for the telco to roll out 4G in the …

Centre mandates all ministries, public departments, CPSUs to use BSNL, MTNL services
4 years, 2 months ago

Centre mandates all ministries, public departments, CPSUs to use BSNL, MTNL services

India TV News  

The central government has mandated all ministries, public departments and public sector units to use telecom services of state-run Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited. The Department of Expenditure's note accompanying the memorandum mentioned that the decision to mandate the use of BSNL and MTNL telecom service was taken by the Cabinet. "All ministries/departments are accordingly requested …

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