The Department of Telecommunications (DoT) is considering a
Rs 13,000-crore bailout plan for state-owned Bharat Sanchar Nigam Ltd
(BSNL), which is struggling to stay afloat amid a precarious debt
situation. The proposal includes a voluntary retirement package of Rs
6,365 crore and an equity infusion of Rs 6,767 crore towards the
allotment of 4G spectrum.
Besides, the ministry is looking at the monetisation of BSNL’s real estate assets. “Banks are now reluctant to give even short-term loans to BSNL. The company’s total loss in FY19 is estimated at Rs 7,000 crore, ...
Besides, the ministry is looking at the monetisation of BSNL’s real estate assets. “Banks are now reluctant to give even short-term loans to BSNL. The company’s total loss in FY19 is estimated at Rs 7,000 crore, ...
