Bharat Sanchar Nigam Limited (BSNL) was once a successful venture, but lately, it has been marred with poor management, lack of even a 4G network, and cut-throat competition from other telecom companies. Yes, while other telecom companies in India and the world are working their way towards a 5G future, BSNL is still to start its 4G service. So, all in all, one could surmise it’s rough times for the PSU. But, things may change now as the government has intervened. A 1.64 lakh crore would be injected into the BSNL revival plan.
Here is what you need to know about this newly approved lifeline for BSNL.
BSNL Revival Plan
At a Union Cabinet meeting chaired by Prime Minister Shri Narendra Modi, the BSNL revival plan was authorized. Here’s what that primarily entails:
₹1,64,156 crore support package will be allotted to BSNL.
Spectrum allotment for high-speed data (possibly speaking of 4G)
BSNL and BBNL merger.
In another important decision, the Union Cabinet chaired by PM Shri @narendramodi Ji approved the revival package of BSNL amounting to ₹1.64 Lakh crores. This will help BSNL to improve the quality of their existing services, roll out 4G services and become financially viable.
— Amit Shah (@AmitShah) July 27, 2022
Other help in terms of raising capital, due settlement, and funding requirements. All this falls in line with the Antyodaya scheme of the government that aims for optimum resource management and utilization.
As for the government, this could benefit in things and ways like:
Rural broadband expansion
Promote Make In India with BSNL and its surrounding vendor ecosystem.
To keep afloat a company that is deeply rooted in several regions across the country.
Now, what’s left to see is how the whole plan actually pans out. We’ll be keeping close tabs.
Thank you Pradhan mantri ji, for supporting BSNL wholeheartedly with the financial package to promote Aatmnirbhar Bharat. @PMOIndia #AzadiKaAmritMahotsav #AtmanirbharBharat
— BSNL_Kerala (@BSNL_KL) July 27, 2022
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