The Union Cabinet on 23 October 2019, approved the proposal for revival of BSNL and MTNL by administrative allotment of spectrum for 4G services, debt restructuring by raising of bonds with sovereign guarantee, reducing employee costs, monetisation of assets and in-principle approval of merger of BSNL & MTNL.
National Optical Fibre Network (NOFN) was launched in October 2011 and was renamed as Bharat Net Project in 2015 with the mission of providing broadband connecting to all the 250,000 Gram panchayats in the country.
On June 30, the Cabinet revised the implementation of the Bharatnet scheme by approving public private partnership mode for the rollout of BharatNet project for broadband services in villages in 16 states with viability gap funding of Rs 19,041 crore.