BSNL Dismisses News of Closure, Promises Continued Services to Subscribers

The news about Bharat Sanchar Nigam Limited (BSNL) and its troubling financial situation is not new in the telecom industry. Ever since the kickstart of the data tariff war, the state-led telecom operator has been in a tough spot, financially speaking with all the debt and the payment that it owes to the vendors. The state-led telco also has a huge burden of paying salaries to its employees. Out of all the telecom operators in the industry right now, BSNL has the highest salary to revenue ratio, which is also the reason for its tough financial situation. Now, amidst all this crisis, there have also been talks about BSNL and MTNL’s closure, and the idea has been floating around quite a bit. A few days back, a new report made rounds of the internet which included the finance ministry’s comments on the same topic. Now, in a new release sent by BSNL, the government led telco has negated these statements.

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BSNL Focuses on Revival of Company

In its press release sent out by the telco minutes ago, it noted that BSNL has been in service since long and it continues to remain that way. The telco also highlighted the fact that it is in the process of seeking a revival package from the government and hence closure is not an option which it is looking at for now. BSNL said, “Recently, there has been published in Media about the closure of BSNL. In this regard, it is clarified that there is a plan under consideration for revival of BSNL by Govt. of India by giving suitable package in terms of VRS/4G spectrum and allowing monetisation of assets available with BSNL.” Now it is worth noting that the talks of BSNL’s revival have also been afloat for long, but there has been no real progress on that front.