BSNL to roll out 60,000 mobile sites for 4G services in next 12-15 months

NEW DELHI: State-owned BSNL plans to roll out 60,000 mobile sites for 4G services across India for an estimate cost of up to Rs 7,200 crore, a top official of the company said on Wednesday. The company has already installed 10,000 mobile sites for 4G service in select cities of Kerala, Rajasthan and Uttar Pradesh and plans to activate all of them within one and half month.

Cabinet clears: Rs 70,000 crore plan to revive BSNL, MTNL

New Delhi: The government has approved a Rs 70,000 crore-plus package for reviving BSNL and MTNL that involves merger of the two state-run telecom operators and a voluntary retirement scheme.

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the revival package that includes raising Rs 15,000 crore via government-guaranteed bonds, allocation of 4G spectrum worth Rs 20,140 crore, and a Rs 38,000-crore asset-—mainly land bank—monetisation plan over four years.

Amit Shah congratulates PM Modi for taking steps to revive BSNL, MTNL

NEW DELHI: Union Home Minister Amit Shah congratulated Prime Minister Narendra Modi for taking steps to revive Bharat Sanchar Nigam Limited (BSNL) and of Mahanagar Telephone Nigam Limited (MTNL).

"I congratulate PM @narendramodi Ji for taking unprecedented steps to revive BSNL & MTNL, also to make them more competitive. Funding of over Rs 20,000 crore through capital infusion will be made and Sovereign guarantee for long term bonds of Rs 15,000Crore will also be provided," tweeted Amit Shah.

BSNL, MTNL aging staff to get Rs 30,000 crore VRS deal

NEW DELHI: A generous VRS package — amounting to nearly Rs 30,000 crore — awaits the aging employees of BSNL and MTNL, two of India’s biggest loss-making PSUs, as the government announced steps to revive them and reduce their massive manpower, which had been a big drain on resources.

Nagpur: BSNL cash crunch also affecting cashless treatment scheme

NAGPUR: The cash crunch in BSNL has also hit the cashless medical treatment scheme for employees in the state-owned telecom service provider.
Employees of BSNL can avail cashless treatment in designated hospitals. It has been learnt that the hospitals bills have not been cleared by the organization since close to six months. Many of the hospitals have started sending reminders for clearing the bills.

Govt approves BSNL-MTNL merger, clears Rs 70,000-crore relief package

Just days before Diwali, the government has taken a decision to lift the air of uncertainty over the two public sector telecom behemoths — Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). While approving a package of nearly Rs 70,000 crore for the two financially stressed entities, the Union Cabinet on Wednesday also drew up a timeline to merge them. Monetising real estate assets worth Rs 37,500 crore is part of the overall relief package that would be used to retire debts, upgrade networks and offer a voluntary retirement scheme (VRS) aimed at reducing the companies’ employee strength by half.

Govt approves Rs 69k cr BSNL revival package

The government on Wednesday approved a Rs 68,751 crore revival package for the crisis-ridden state-run telecom firms MTNL and BSNL. This includes an allocation worth Rs 29,937 crore towards the voluntary retirement scheme (VRS) for the employees of BSNL.

Make it all or quits on BSNL & MTNL

The decision to revamp BSNL and MTNL and merge them deserves a huge but a conditional welcome. Telecom is a strategic capability, a critical infrastructure on which a great deal of business and financial transactions are carried out and whose vulnerability to hacking could prove crippling for the economy and for national security. High-speed, low-latency communications will enable a whole lot of innovation in the conduct of manufacturing, service delivery or real-time analysis of data by artificial intelligence to perform a range of operations.

Merge, mismanage and sell: Rahul's 'four-step' dig at BSNL-MTNL merger

Congress leader Rahul Gandhi on Wednesday attacked the BJP government over the merger of BSNL and MTNL, saying it follows the process of "merge, mismanage, show mega losses and sell cheap to crony capitalists".

Govt approves BSNL-MTNL merger, Rs 69,000 crore revival package

New Delhi: In a bid to rescue the government run telecom firms MTNL and BSNL from recurring losses, the government on Wednesday decided to merge the two firms as part of a revival package that includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees.

Narendra Modi's Cabinet approves merger, VRS, 4G spectrum to revive BSNL, MTNL

NEW DELHI: The Cabinet on Wednesday has approved the revival package for the two ailing telcos— Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), which includes Rs 15,000 crore infusion via sovereign bonds, a voluntary retirement scheme (VRS) and allocation of fourth-generation (4G) airwaves, besides the merger of the two loss-making state-run operators.

Too little, too late? Merger unlikely to revive BSNL and MTNL, say analysts

The government’s proposed decision to merge state-owned telecom companies Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL), announced after market hours on Wednesday, has come too late and might not meaningfully revive both companies, say analysts. They, however, believe that the proposed measure will create some competition for private players and contain operational costs.

Reliance Jio Leads in Wireless Subscriber Addition in August Month, BSNL Loses Wired Customers

When it comes to wireless subscribers, the Mukesh Ambani led telecom operator, Reliance Jio has been making very rapid progress in terms of subscriber base. The telecom operator has grown its subscribers base beyond 350 million subscribers as reported by its monthly quarterly earnings sheet. In the quarter ending August 31, 2019, the Mukesh Ambani led telco reported the most number of wireless subscribers by absolute numbers. As for the largest growth by percentage terms, Bharti Airtel was the operator to make the most massive number of subscriber addition. As per the reports on the subscriber base, Reliance Jio added 3.05 million subscribers in the quarter ending August, in the same period, Bharti Airtel closely followed Reliance Jio by adding 2.76 million subscribers.

Explained: Will merging BSNL and MTNL pull the two companies out of their problems?

The government on Wednesday approved a merger and revival plan for the state-run telecommunication companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telecom Nigam Ltd (MTNL).

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Both the companies are reeling under the pressure of mounting losses and increasing competition in the sector. MTNL provides telephony services in Delhi and Mumbai, while BSNL is present in the rest of the circles in the country.

Increase in MSP, merger of MTNL with BSNL among major decisions of cabinet

NEW DELHI: The Union Cabinet on Wednesday took five major decisions including ownership rights to 40 lakh people living in unauthorised colonies in Delhi, reform in petroleum sector, cadre review of ITBP officers, merger of MTNL with BSNL and increase in MSP of rabi crops.
Briefing reporters after meeting of Union Cabinet, information and broadcasting minister Prakash Javadekar said that increase in minimum support price (MSP) of cereals, pulses and oilseeds of rabi crops will give a big boost to farmers.

Diwali bonanza: BSNL-MTNL to be merged

 BSNL to get 4G spectrum at 2016 price

Ending days of speculation on the fate of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), the Union Cabinet on Wednesday announced a bail out package that includes merger of the two companies, strengthening the finances through sovereign bonds, giving out voluntary retirement scheme (VRS) and providing 4G spectrum at administrative rates. The entire package would cost around ₹70,000 crore.

BSNL, MTNL to Be Merged; Government Will Raise Rs. 15,000 Crores for Revival

The Union Cabinet on Wednesday approved the much-awaited 4G spectrum allocation to ailing telecom PSUs - BSNL and MTNL - and gave in-principle approval to their merger while allowing them to raise sovereign bonds of Rs. 15,000 crores for their revival. The allocation of 4G spectrum to them would be done at 2016 prices and administratively.

BSNL and MTNL being merged into a single entity; employees to get voluntary retirement option

The Union Cabinet has finally decided to merge the two ailing PSUs – BSNL and MTNL – into a single entity. The government has given the go-ahead for the consolidation and announced a four-step revival package to pump a new life to the loss-making telecom operators BSNL and MTNL.

BSNL Triple Play Services Will Offer Landline, Fibre Broadband and Yupp TV Content

The state-led telecom operator, Bharat Sanchar Nigam Limited (BSNL), has announced a new partnership with the South Asian OTT content provider Yupp TV for providing triple play partnership for video and broadband services. With the entry of Reliance Jio in the broadband segment, with the launch of Reliance JioFiber, the broadband industry has become very competitive.

BSNL and MTNL to be merged, says Centre, will offer employees ‘attractive VRS package’

The Centre on Wednesday decided to merge telecommunications service providers Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited.
The two entities have been incurring losses. Earlier this month, MTNL employees alleged they had not been paid salaries for the past two months.

BSNL, MTNL merger: Govt announces voluntary retirement scheme for employees

The government has also announced an 'attractive' voluntary retirement scheme (VRS) for BSNL and MTNL employees after announcing the merger of the two telcos.
"If an employee is 53-and-a-half years old and opts for VRS, he will get 125 per cent salary, pension and gratuity till the age of 60," Minister for Information and Broadcasting Ravi Shankar Prasad said at the press briefing after the Cabinet meeting.

Why merging BSNL and MTNL is a good idea

The Cabinet decision to merge BSNL and MTNL is probably the third attempt at merging the two public sector telecom companies.
In 2002, then Communications Minister Pramod Mahajan came up with the idea to merge Mahanagar Telephone Nigam Ltd with Bharat Sanchar Nigam Ltd.

Diwali Bonanza By Modi Govt! Cabinet Approves BSNL-MTNL Merger With 4 Way Revival Package

New Delhi: With an attempt to revive the loss making telecom Public Sector Units (PSUs), the Union Cabinet on Wednesday has finally given a nod to merge the two ailing firms Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). The move comes as part of a revival package for the state-owned telcos that includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees.

Top headlines: BSNL, MTNL to merge, Infosys controversy so far and more

The government on Wednesday decided to merge loss-making telecom firms MTNL and BSNL as part of a revival package that includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees.Briefing reporters on decisions taken by the Cabinet headed by Prime Minister Narendra Modi, Telecom Minister Ravi Shankar Prasad said the government will put in Rs 29,937 crore for revival of the two state-owned telecom companies.

BSNL, MTNL to be merged as part of a ₹ 56,000 crore rescue plan

NEW DELHI : India will merge its twin state-run telecom companies in an effort to turn around the money-losing firms, which it considers core assets.
The strategy would also see the government look at ways to exploit the vast land assets of the two companies while paring their manpower by offering incentives to employees to avail an early retirement plan.

Exclusive: Happy Diwali for BSNL staff: Telecom PSU pays the salary for September

Relief for BSNL employees: In good news for lakhs of BSNL employees and their family members, the public sector national telecom operator – Bharat Sanchar Nigam Limited Wednesday paid the salary for the month of September, ultimately, paving the way for Diwali celebrations. It’s a big relief for nearly 1.6 lakh BSNL employees and officials who have been staring at an uncertain future for quite some time.

Govt Approves BSNL-MTNL Merger; Offers Attractive VRS Package To Employees

On Wednesday, the Union Cabinet approved a revival package of Rs 29,937 crore for the state-owned telecom companies BSNL (Bharat Sanchar Nigam Limited) and MTNL (Mahanagar Telecom Nigam Limited) and allowed an in-principle merger of the two. BSNL will absorb MTNL, to act as a subsidiary post the merger.

Centre Announces Merger Of BSNL, MTNL To Revive State-Owned Telecom Entities

The Centre on Wednesday announced that the Union Cabinet had approved a revival plan for the Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) and had decided "in principle" to merge the two entities.
Telecom Minister Ravi Shankar Prasad, in a press conference, clarified that neither MTNL nor BSNL was being closed or divested, allaying apprehensions of employees and users.
"The government is neither shutting nor divesting stake in MTNL and BSNL," he said.

MTNL to be merged with BSNL for revival of state-owned telecom firms

Union Cabinet on Wednesday approved revival plan of BSNL (Bharat Sanchar Nigam Limited) and MTNL (Mahanagar Telephone Nigam Limited) and in-principle merger of the two.

India decides to merge MTNL and BSNL and offer voluntary retirement to many of its employees

A huge decision by the Narendra Modi government to merge two ailing state-owned telecom operators.

MTNL will be merged with BSNL. The process will take time and in the mean time, MTNL will act as a subsidiary of BSNL. BSNL will raise ₹15,000 crore via sovereign-backed bonds as part of the revival plan.

In revival plan for MTNL and BSNL, cabinet announces merger of the two

The Union Cabinet on Wednesday decided to merge state-owned telecom firms Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). Telecom minister Ravi Shankar Prasad made the announcement and assured that neither MTNL or BSNL are being closed or being disinvested.
“BSNL and MTNL will be merged and the government will put in Rs 29,937 crore for revival of the companies,” he said.

BSNL and MTNL revival plan: Government approves in-principle merger, assets worth Rs 38,000 crore to be monetised

The government has decided to give a fillip to state-run telecom firms BSNL and MTNL. Assets worth Rs 38,000 crore will be monetised in the next four years, according to communications minister Ravi Shankar Prasad.
Ravi Shankar Prasad added that Rs 15,000 crore worth of sovereign bonds will be raised to be serviced by MTNL and BSNL and expressed hope that in two years both the companies will be profitable.

BSNL and MTNL Revival Plan to Cost Around Rs 74,000 Crore: Report

State-run telcos BSNL and MTNL are eagerly waiting for the revival package from the government to arrive so that they can compete with the competition in a better way. According to a new report from IANS, the revival plan for both BSNL and MTNL will cost around Rs 74,000 crore, of which Rs 22,000 would be used for acquiring 4G spectrum and for the voluntary retirement scheme (VRS). Another report from ET Telecom says the revival for both the telcos has received approval from the Cabinet, following the high-level meetings held on October 23. BSNL operates in 20 telecom circles, except Mumbai and Delhi where MTNL provides services to the customers. While BSNL is constantly adding new users every month, MTNL is losing the subscribers on a regular note.

BSNL inching closer to a point of no return

NEW DELHI: From a telecom behemoth earning a miniratna status to an ailing firm gasping for breath now, Bharat Sanchar Nigam Limited (BSNL), is longing for at least a fair treatment from the Prime Minister Narendra Modi government.

BSNL now offers 1 GB daily data, 28 days validity in the Rs 108 prepaid plan

Days after Reliance Jio announced the 'All in one' plans, BSNL has also announced changes to its Rs 108 prepaid plan.
As spotted by Gadgets 360, BSNL's official website in Chennai lists a promotional offer on the Rs 108 plan, per which, users will now get 1 GB daily data and an increased validity of 28 days. Additionally, it offers unlimited voice calls to home network as well as roaming calls, except Mumbai and Delhi circles. It also includes 500 SMS messages.