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 Union Cabinet approved a ₹1.64 lakh crore revival package for BSNL with a cash component of ₹43,964 crore. The government, which said that the 2019 VRS package helped BSNL stabilise and the latest bailout would help it become viable, expects BSNL to become profitable in three to four years from now. The government, which said that the 2019 package helped BSNL stabilise and the latest bailout would help it become viable, expects BSNL to become profitable in three to four years from now.

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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 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 …

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 …

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 …

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 …

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 …

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 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 …

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 …

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