The biggest stories of the day summarised by Rakesh Sharma.
The deal, if it goes through, would help the telco survive until the Centre finalises a revival plan
The association also stressed on a performance-based mechanism for BSNL employees so that good performers can be rewarded and non-performers be made accountable.
BBNL has completed network rollout in 1.25 lakh GPs under phase 1 in December 2018.
BSNL provides FTTH service with a monthly charge in the range of Rs 777-16,999 in over 160 telecom districts with a minimum speed of 2 megabit per second (mbps).
BSNL is among the two telecom companies that have been consistently gaining customers. All competitors of BSNL have 4G spectrum and invested heavily in building their network while the PSU has only 3G network.
Both Reliance Jio and BSNL jointly added a net of 86.39 lakh mobile subscribers but the rest of the telecom operators jointly lost a net of 69.93 lakh wireless customers with Vodafone Idea losing the biggest chunk of mobile connections.
MTNL Chairman and Managing Director P K Purwar told that the company will be able to pay April wages totalling about Rs 200 crore from internal accruals and its existing cash balance.
Singh also alleged that lakhs of agents of the LIC have stopped working in the last five years due to the policies of the Narendra Modi government.
Both BSNL and MTNL were asked to match the 3G and BWA spectrum price determined in auctions that were held in 2010 across all circles where they operate.
BSNL has been ailing because of high revenue-to-wage ratio as a large number of government employees were transferred by the telecom department to the telecom PSU.
BSNL was nominated for a rural connectivity initiative in villages along the China border in Arunachal Pradesh and Assam, but the project could not take off
The trade union in a statement said that a deliberate leak seems to be doing the rounds of the media, painting a bleak picture of the financial health of BSNL.
The troubled PSUs have been seeking these three measures to stay afloat amid cut throat competition in the telecom sector.
The Department of Telecom (DoT) is preparing a Cabinet note recommending voluntary retirement scheme (VRS) for BSNL and MTNL employees above 50 years of age.
The board is likely to take a final decision after the Lok Sabha elections.
The Digital Communication Commission, apex decision making body at the Department of Telecom, has sought view of TRAI on demand of spectrum from both the PSUs.
MTNL, which only has a presence in Delhi and Mumbai, will be able to broaden its network if it merges with BSNL, as it has valuable assets
Both BSNL and MTNL were unable to pay salaries to their employees for the month of February.
The mobile customer base grew to 118 crore in January from 117 crore in December. The wireline connection in the country slid to 2.17 crore in January from 2.18 crore in December.
Earlier, debt-ridden RCom in its plea before the NCLAT said that it wants to voluntarily go back into the insolvency process, as it will help selling its assets in a time bound manner.
Shrivastava said that revenue receipt of BSNL is usually higher in March and internal accruals have started flowing in.
Both firms have sought permissions to monetise their land assets as well as support for the voluntary retirement scheme for its employees.
An official said employees should expect a delay in their March salaries as well even though cash flows in this particular month are higher due to billing from the enterprise business
Public sector firms BSNL and MTNL have sought financial support, 4G spectrum and approvals for asset sales as part of their revival plans.