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  • Bharat Sanchar Nigam Limited (BSNL) Related news

Bharat Sanchar Nigam Limited (BSNL) Related news

BSNL, MTNL revival, spectrum auction top on new govt's agenda

BSNL, MTNL revival, spectrum auction top on new govt's agenda

Revival of ailing telecom public sector firms, 5G technology trials and a new round of spectrum auction will be among the top priorities for the new government.

Some of the crucial decisions have been pending owing to the general elections for the past few months.

Cash-strapped BSNL expects liquidity position to improve

Cash-strapped BSNL expects liquidity position to improve

New Delhi: After facing cash crunch for some months, state-run Bharat Sanchar Nigam Limited (BSNL) is expecting normalcy in cash flows in the second quarter (July-September) of FY20, according to the BSNL Director (Finance) who blamed the "predatory pricing" for the current crisis in the sector and in the BSNL.

DoT floats draft proposal on 4G spectrum to BSNL, MTNL

DoT floats draft proposal on 4G spectrum to BSNL, MTNL

New Delhi: The Department of Telecom is learnt to have circulated a draft cabinet note for the allocation of 4G spectrum to BSNL and MTNL and implementation of a voluntary retirement scheme at the two loss-making telecom PSUs.

The department has sought comments of the key ministries on the proposals, an official source told PTI.

BSNL gives approval to lay off more than 50,000 employees, reduces retirement age to 58 years: Report

BSNL gives approval to lay off more than 50,000 employees, reduces retirement age to 58 years: Report

The BSNL board has given its approval to lay off 54,000 employees. Besides, in a further move to save costs, the state owned firm has also reduced the retirement age of its employees to 58 years.

According to a report published in the Deccan Herald, the BSNL board approved three out of 10 suggestions by the board set up by the government.

BSNL to hive off Rs 15,000 crore fibre assets into separate unit

BSNL to hive off Rs 15,000 crore fibre assets into separate unit

Cash-strapped telecom player BSNL, which faced issues with salary payments last month, plans to hive off its fibre assets into a separate company, which is expected to have a valuation of Rs 10,000-15,000 crore.

BSNL has about eight lakh route km of fibre infrastructure across India compared with Reliance Jio with 4.78 lakh route km (including 178,000 route km that it acquired from Reliance Communications) and Airtel’s 2.46 lakh route km and Vodafone Idea’s 1.56 lakh km, according to estimates.

BSNL to take Rs 5,000 cr soft loan to stay afloat

BSNL to take Rs 5,000 cr soft loan to stay afloat

State-owned telecom firm BSNL plans to raise Rs 5,000 crore through soft loans immediately in order to meet its operational expenses.

Department of Telecommunications (DoT) has given a letter of comfort to the cash-starved BSNL for raising loans, which is a guarantee from the government.

Govt releases Rs 171 crore pending dues to MTNL to pay salaries

Govt releases Rs 171 crore pending dues to MTNL to pay salaries

New Delhi: The government has released pending dues of Rs 171 crore to cash-strapped MTNL for paying February salaries to employees, a senior official said.

On the other hand, BSNL will clear salary dues of around Rs 850 crore by March 20 from its internal accruals. Both companies have failed to pay salaries of their employees for last month, according to employees' representatives.

BSNL fails to pay February salary to 1.76 lakh employees

BSNL fails to pay February salary to 1.76 lakh employees

State-owned telecom firm BSNL, which has been in the red for the past more than five years, failed to pay February salaries to its around 1.76 lakh employees due to financial constraints.

This is the first instance of the company defaulting on salary payments underlining the tough times for it ahead.

BSNL, MTNL revival: Govt to discuss plan today

BSNL, MTNL revival: Govt to discuss plan today

The Department of Telecommunications (DoT) will deliberate on revival of state-run BSNL and MTNL on Thursday as the financial condition of both the firms have deteriorated over the last couple of years due to increased competition.

According to sources, the Digital Communications Commission (DCC), the highest decision-making body of the DoT, will discuss various options to revive the sick telecom firms.

Govt tells BSNL to look at options, including closure

Govt tells BSNL to look at options, including closure

NEW DELHI: The government has asked struggling state-owned telco BSNL to look at all options, from a revival plan to disinvestment and even closure, as it looks to tackle the bleeding at India's largest loss-making PSU.

The direction to the company - which had accumulated losses of Rs 31,287 crore at the end of 2017-18 - was given following a meeting of top BSNL officials with telecom secretary Aruna Sundararajan, sources told TOI.

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