The government just announced a “revival plan” for the ailing public
sector telcos, BSNL and MTNL. The four-point plan comprises: Raising
cash through issue of sovereign bonds (Rs 15,000 crore) allocating 4G
spectrum (at government cost) to create a new revenue stream;
monetising assets (mainly land) to mobilise Rs 38,000 crore; and reducing employee strength through an attractive voluntary retirement scheme (VRS).
The announcement should be welcomed: The government has finally decided to act. First, some history. MTNL has been in serious distress for over a decade.
monetising assets (mainly land) to mobilise Rs 38,000 crore; and reducing employee strength through an attractive voluntary retirement scheme (VRS).
The announcement should be welcomed: The government has finally decided to act. First, some history. MTNL has been in serious distress for over a decade.
