Government okays third revival package for BSNL with outlay of Rs 89,047 crore

New Delhi (IANS) In a significant move, the Union Cabinet on Wednesday approved the third package for BSNL, as part of the revival strategy, with the total outlay of Rs 89,047 crore.

It includes allotment of 4G and 5G spectrum for BSNL through equity infusion.

The authorised capital of BSNL will be increased from Rs 1,50,000 crore to Rs 2,10,000 crore, official sources said.

With this revival package, BSNL will emerge as a stable telecom service provider focused on providing connectivity to remotest parts of India.

Commerce Minister Piyush Goyal told mediapersons after the cabinet meeting that except for a few places in high mountainous regions or Maoist-affected remote areas, BSNL is offering 4G services across the country now.

With this spectrum allotment, BSNL will be able to provide pan-India 4G and 5G services, official sources said.

It will also be able to give 4G coverage in rural and uncovered villages under various connectivity projects.

Fixed wireless access (FWA) services for high-speed internet will also be available.

BSNL will also provide services or spectrum for captive non-public network (CNPN).

Government had approved the first revival package for BSNL and MTNL in 2019. It amounted to Rs 69,000 crore.

In 2022, government had approved the second revival package for both the loss making entities amounting to Rs 1.64 lakh crore.

Leave a Reply

Your email address will not be published.