BSNL Revival Bundle: The Union Cupboard on Wednesday authorized a bundle of Rs 1.64 lakh crore for the revival of the general public sector telecom firm BSNL. The bundle has three components – enhancing companies, strengthening books and increasing the fiber community. Telecom Minister Ashwini Vaishnav informed reporters in regards to the determination taken by the Union Cupboard that the federal government will allot spectrum to BSNL to supply 4G companies.
Vaishnav stated that BSNL’s statutory dues of Rs 33,000 crore can be transformed into fairness. Additionally, the corporate will difficulty bonds to repay financial institution loans of the identical quantity (Rs 33,000 crore). He stated that the cupboard has additionally authorized the merger of BSNL and Bharat Broadband Community Restricted (BBNL). (enter language)
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