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Sinking BSNL set to get a fresh lease of life

By IndianMandarins- 28 Oct 2019
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The decision of the government to revive BSNL with a Rs 70,000 crore package may unleash a new challenges into the telecom sector. The package includes money for VRS, the issuance of 4G spectrum, raising long term bonds, and monetising the company’s real estate assets.

The BSNL has a subscriber base of 87.9 crore wired broadband subscribers and is by far the largest player in the business. It is a matter to be seen how it unfolds at a time when a debate is already underway on whether India will soon move from a three player to a two player private telecom market.

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