BSNL’s future is up for a serious call today!
Advertisement
India’s one of the biggest mobile operator, Bharat Sanchar Nigam Limited (BSNL), a state-owned telecommunication company, is going through its roughest patch yet. The Union Cabinet today is expected to take a call on a proposal by the Telecom Department to save the company.
The proposal is to skim off the assets of all 65,000BSNL mobile towers to another entirely public owned subsidiary company.
As per a top government official, theidea of restructuring the loss making BSNL, monetize its infrastructure and improve its operations and maintenance is on the agenda of Union Cabinet today.
Some highly placed government officials, requesting anonymity, confirmed that the new subsidiary company could be valued at Rs 20,000 crores while the operations and maintenance of the mobile towers could be outsourced.
BSNL, the government owned Telecom Company, in terms of expansion, comes after Indus Towers- a joint venture between private telecom operators including Airtel, Vodafone and Idea which runs the largest network.
The purpose behind drawing off BSNL tower infrastructure to another company is to streamline the functioning and improve the quality. At the same time, the operator would earn new revenues by way of tenancy of towers.
The move will also let private investors get involved and operate the BSNL mobile network on lease instead of investing in the set-up of a separate network tower.
Advertisement
The proposal is to skim off the assets of all 65,000
As per a top government official, the
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
BSNL, the government owned Telecom Company, in terms of expansion, comes after Indus Towers- a joint venture between private telecom operators including Airtel, Vodafone and Idea which runs the largest network.
Advertisement
The move will also let private investors get involved and operate the BSNL mobile network on lease instead of investing in the set-up of a separate network tower.
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Markets rebound sharply on buying in bank stocks firm global trends
- Bengaluru's rental income highest in Q1-2024, Mumbai next: Anarock report
- Rupee falls 10 paise to settle at 83.48 against US dollar