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BSNL is poised to flourish after govt's Rs 70,000-crore revival package

If it can get its act together - and cut the flabby workforce - the opportunities for growth are huge

Surajeet Das Gupta  |  New Delhi 

The government’s decision to revive Bharat Sanchar Nigam Ltd (BSNL) with a Rs 70,000 crore package could unleash a new challenger into the telecom sweepstakes at a time when a debate is already underway on whether India will soon move from a three player to a two player private telco market.

The package includes money for voluntary retirement, the issuance of 4G spectrum, raising long term bonds, and monetising the company’s real estate assets. With a subscriber base of 8.79 million wired broadband subscribers, BSNL is already by far the largest player in the business - ...

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First Published: Fri, October 25 2019. 23:19 IST
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