TCS has bagged the tender for the rollout of BSNL's 4G services
BSNL said that besides 13 properties listed for sale, there are more properties in the pipeline and will be put to auction soon.
Mahanagar Telephone Nigam Ltd and Bharat Sanchar Nigam Ltd intend to raise an aggregate of 193.56 billion Indian rupees through government-guaranteed bonds, the bankers said.
The public-private combine is expected to roll out BSNL’s 4G services across 100,000 towers or sites
Reliance Jio cemented its lead in the Indian telecom market as it gained over 42 lakh mobile subscribers in June, as per data released by the sector regulator.
In order for a rescue package to work, it has to be accompanied by bold decisions which will seek to promote efficiency, enabling the organization to compete with private players
Data and smart offerings will be the vehicles for higher ARPU on the path towards profitability. This requires comprehensive professionalisation, and a mindset overhaul
The package will have three main elements - improving the quality of BSNL services, de-stressing the balance sheet, and expanding the fiber reach through merger with Bharat Broadband Network Limited (BBNL).
The Department of Telecom (DoT) had proposed to reserve for BSNL 10 megahertz of paired spectrum -- which means the same quantum of radiowaves for uplink and downlink -- in 600 Mhz band; 40 Mhz in 3600-3670 Mhz band; and 400 Mhz in 24 Ghz band.
Speaking at Broadband India Forum (BIF) event, Vivek Narayan, DDG (data services) in the Department of Telecom (DoT) mentioned the potential and impact of the PM-WANI wifi hotspots scheme across areas, such as tourism, smart cities and last-mile connectivity in villages.
"The TCS-led consortium has been given an order worth Rs 550 crore to deploy 6,000 sites for 4G services," a senior BSNL official said. The deal was signed on Thursday, another source said.
BSNL Chairman and managing director PK Purwar, who also heads MTNL, has submitted before a Parliamentary panel that the Department of Telecom should consider carving out of over Rs 26,500 crore debt of MTNL and its assets under a special purpose vehicle. He suggested that thereafter operations of MTNL should be merged with BSNL.
The minister also said the internet connection inside trains can be available only when the 5G network will be rolled out as communications get disrupted with 4G technology in trains running with the speed of 100 km per hour.
The panel was also informed that the implementation of the revival plan, VRS, has been successfully implemented at BSNL and MTNL. It has led to around 50 percent salary bill reduction at BSNL and around 90 percent at MTNL.
The properties include four BSNL land parcels and residential flats in two properties owned by MTNL. No response had been received to the auction of land assets belonging to BSNL, officials told Moneycontrol
DIPAM has asked its property consultants to find out what parts of the bidding criteria can be refined to clear some issues as preliminary evaluation showed interest was present.
According to a monthly telecom subscribers report released by the telecom regulator Trai on Tuesday, Jio now leads the fixed-line broadband segment with 4.34 million customers.
In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications.
The asset monetisation is part of the Rs 69,000 crore revival scheme for MTNL and BSNL which was approved by the government in October 2019.
The BSNL CMD confirmed that he has approached the government for the support, which is beyond the Rs 69,000 crore relief package that was announced in 2019.
Kumar Manglam Birla, the chairman of Aditya Birla Group, had earlier written to the government saying that he was ready to “hand over stake” in Vodafone-Idea (Vi) to a government entity.
Nearly a half of BSNL employees and 80 percent of MTNL employees took the VRS option in 2019.
According to the report, Indian defence contractors were heavily targeted after border tensions between India and China escalated in 2020
The concern comes after Finance Minister Nirmala Sitharaman in her Union Budget speech on February 1 said the government has asked the planning body to review its divestment list, adding that the Centre would retain “bare minimum” public sector utility (PSU).
When public sector companies are left to flounder for too long, we have the tragic spectacle of a once-robust company drained of any vitality, with its employee costs eating up 80 percent of its revenues