BSNL reviving process started


  The Union minister Ravi Shankar Prasad said that - "The government is neither closing nor divesting stake in MTNL and BSNL," in a press briefing on Wednesday.

  The Government of India has approved BSNL-MTNL merger and has announced the allocation of 4G spectrum alongside clearing relief package. The Union Cabinet approved the merger on Wednesday and has also cleared relief package. The overall relief package includes sovereign bonds of Rs. 15,000 crore, monetization of Rs. 38,000 crore assets, Rs. 29,937 crore for VRS, and Rs. 3674 crore for GST (goods and services taxes).

  Indian Government has also announced the 4G spectrum allocation on an administrative basis and is worth Rs. 20,140 crore. The spectrum will be allocated to BSNL and MTNL within a month. It is estimated that BSNL would require Rs. 10,000 crore for the rollout of 4G services and MTNL would require Rs. 1,100 crore.

  The Government of India took very good decision, the BSNL should compete with reliance Jio and other 4G network service provider.

Comments

Recent posts

Popular posts from this blog

Samsung Galaxy Z Fold2 price and specification

Motorola Edge 20 Pro price in India, specifications and review

Xiaomi Black Shark Gaming smartphone with Snapdragon 845 processor, Dual rear camera

Redmi G Gaming Notebook Price and Specifications

OPPO F15 with Quad rear camera setup, AMOLED display, In-Display fingerprint sensor launched in India