| Bharat Sanchar Nigam Limited (BSNL) Related news |
Govt to address telecom stress, revive BSNL, MTNL: Ravi Shankar Prasad
Posted on 29th June 2019 |
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Addressing financial stress in the telecom sector after the upcoming spectrum auction, the revival of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) with “least pressure” on the government, and ensuring “fair competition” will be priority for Telecom and IT Minister Ravi Shankar Prasad. This is besides establishing India as the manufacturing and export hub of electronics. |
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BSNL, MTNL may get revival package as govt steps in to ease cash crunch
Posted on 26th June 2019 |
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The government is likely to announce a revival package for state-run telecom firms BSNLand MTNL in the next few days as a severe cash crunch has again jeopardised timely payment of salaries for June. According to sources, cabinet secretary PK Sinha on Tuesday held a more than an hour-long meeting with department of telecommunications (DoT) officials, including secretary Aruna Sundararajan, to chart out a revival plan. |
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Put all capex on hold, stop tenders, DoT tells cash-strapped BSNL
Posted on 26th June 2019 |
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The Department of Telecommunications (DoT) is learnt to have asked state-owned Bharat Sanchar Nigam (BSNL) to put all tenders and purchase order on hold, as the company is facing financial crisis. The finance department of BSNL issued order in this regard on June 2, directing all its circle heads to take prior approval of corporate officer located in Delhi before floating any new tenders for capital expenditure, according to official sources. |
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Loss-making BSNL takes Rs 10,000 cr capex call for 4G play
Posted on 18th June 2019 |
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Notwithstanding the delay in the allotment of 4G spectrum, state-run telecom player BSNL has readied an investment plan of Rs 10,000 crore for the deployment of 4G network. It has already started offering 4G VoLTE services through its 3G spectrum with new base transceiver stations (BTSs) in all circles where it already offers 3G services. |
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BSNL likely to pay May salary on time
Posted on 28th May 2019 |
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BSNL is expected to provide salaries for May on time, which is the last working day of the month. “We are comfortable…We will be able to pay salaries on time this month,” BSNL CMD Anupam Shrivastava said. The company has recently tied up with State Bank of India for a Rs 1,500-crore loan to meet its working capital requirements, based on a letter of comfort extended by Department of Telecom. |
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BSNL confident of timely payment of salary for May, says MD Anupam Shrivastava
Posted on 27th May 2019 |
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State-owned BSNL is confident of making timely payment of staff salaries for the month of May, Chairman and Managing Director Anupam Shrivastava said Monday. The company has also tied up with State Bank of India recently for a Rs 1,500 crore loan to meet its working capital requirements, based on a letter of comfort extended by Department of Telecom (DoT). “We are comfortable…We will be able to pay salaries on time this month,” Shrivastava told PTI. |
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BSNL, MTNL revival, spectrum auction top on new govt's agenda
Posted on 24th May 2019 |
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Revival of ailing telecom public sector firms, 5G technology trials and a new round of spectrum auction will be among the top priorities for the new government. Some of the crucial decisions have been pending owing to the general elections for the past few months. |
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Cash-strapped BSNL expects liquidity position to improve
Posted on 17th May 2019 |
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New Delhi: After facing cash crunch for some months, state-run Bharat Sanchar Nigam Limited (BSNL) is expecting normalcy in cash flows in the second quarter (July-September) of FY20, according to the BSNL Director (Finance) who blamed the "predatory pricing" for the current crisis in the sector and in the BSNL. |
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