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.
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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.
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).
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.
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.
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 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.
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.
"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.
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.
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.
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.
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 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.
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.
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.
BSNL Extends Availability of Rs. 108 Prepaid Plan, 1GB Daily Data and 28 Days Validity in Tow
Bharat Sanchar Nigam
Limited (BSNL) has extended the availability of the Rs. 108 prepaid
recharge plan to December 12. The Rs. 108 prepaid plan was announced as a
promotional offer for 90 days back in July. The state-owned operator
offers unlimited voice calling benefits alongside free bundled data for
28 days. The Rs. 108 BSNL prepaid plan also carries a quote of 500 SMS
messages. Just earlier this week, BSNL extended the availability of its
Rs. 1,188 'Marutham' prepaid plan until January 21, 2020.
YuppTV partners with BSNL to offer customised streaming experience
YuppTV, one of the first OTT players in the country, has entered into a strategic partnership with BSNL to offer triple-play service to enhance video and broadband technology services for mobile and fixed-line users.
BSNL 4G Nearing, “IndiaNeedBSNL” Trends On Social Media
BSNL is now again trending on micro-blogging site Twitter. Now, the
latest hashtag is “IndiaNeedBSNL”. This comes after there were two other
recent trending hashtags viz “Switch to BSNL” and “BSNL 4G”. Twitterati
has been expressing desires to check out the official rollout of BSNL
4G, and do not want to witness a shutdown of the government-led telco.
BSNL Expects to Complete 4G Rollout Within 12-15 Months of Spectrum Allocation
The government's plan to
revive BSNL should be in the public domain within a month while 4G
spectrum will be allocated to it by the end of this year, the chairman
of the troubled telecom firm said on Monday. BSNL Chairman and Managing
Director P K Purwar also said that the salary of all employees will be
paid before Diwali on October 23 and 24.
BSNL to now tackle JioFiber: Cable TV, broadband and landline to come in under one bill
The launch of Reliance JioFiber was expected to introduce massive changes in the broadband and DTH industry with radical pricing structure. While that has gained momentum or not is yet to be seen, rival BSNL is already going ahead with a similarly structured plan for its broadband services in select circles. And if things go well, we could see this new all-in-one bill service from BSNL broadband across the country.
BSNL 4G Service Launch in 20 Telecom Circles to Happen by March End
BSNL is now confident of launching 4G services
in the country by the end of the current financial year (March 2020),
according to BSNL Chairman, PK Purwar. Furthermore, he also confirmed
that the revival package for BSNL would come out in the next month,
while the 4G spectrum allocation to happen by the end of 2019. While
this news from the company’s Chairman may sound redundant to some, he
seems to be actually confident this time around.
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