Bharat Sanchar Nigam Limited (BSNL) was neck-deep in financial
troubles since the last few years. The troubles became even more
detrimental as Reliance Jio made its entry to the Indian telecom
industry and bruised the sector with the data tariff war, thus hurting
the financials of other telecom operators severely including BSNL.
However, out of all the telecom operators, BSNL was the most in trouble
with heavy debts and payments pending to vendors and its other
operational creditors. On top of that, the telco was also dealing with a
high churn rate of subscribers, falling revenue, and very high salaries
to the employees. With all of this bringing down the financial sheets
of BSNL, it was getting hard for the telecom operator to compete in the
industry with the private telcos. But, now the government has brought
forth a revival package for BSNL which includes VRS, 4G spectrum allocation and more and this is how it will help the ailing telecom company.