Union Cabinet approves Rs 1.64 lakh crore revival package for BSNL

Union Cabinet approves Rs 1.64 lakh crore revival package for BSNL

• Union Cabinet has approved revival package of over one lakh 64 thousand crore rupees for Bharat Sanchar Nigam Limited, BSNL.
• It has also approved the merger of Bharat Broadband Network Limited and BSNL.
• After the Cabinet meeting, Electronic and IT Minister AshwiniVaishnaw said, the package is aimed at making BSNL a sustainable entity and vibrant telecom player. With the help of this package the services of BSNL will be upgraded.
• BSNL plays a crucial role in expansion of telecom services in rural areas, development of indigenous technology and disaster relief.
• The revival measures focus on infusing fresh capital for upgrading BSNL services, allocating spectrum, de-stressing its balance sheet, and augmenting its fiber network by merging Bharat Broadband Nigam Limited with BSNL.
• BSNL will be allotted Spectrum in 900 and 1800 Mega Hertz band administratively at the cost of 44 thousand 993 crore rupees through equity infusion.

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Published date : 28 Jul 2022 05:05PM