BSNL Collects Rs 6,500 Crore Revenue from Enterprise Segment During FY19

BSNL has been ailing because of a high revenue-to-wage ratio as a large number of government employees were transferred by the telecom department

By April 9th, 2019 AT 8:01 PM
Highlights
  • BSNL has been highly competitive telecom market without having a spectrum for 4G services
  • BSNL is under pressure due to heavy debt

State-owned telecom firm BSNL has collected a record revenue of Rs 6,500 crore from the enterprise segment, making it sufficiently funded, which will help in meeting its various requirement. “We have collected Rs 6,500 crore from enterprise segment for 2018-19. This is highest ever that BSNL has collected with 91 enterprises making payment. On average, annual collection used to be from 50-60 enterprises,” BSNL CMD Anupam Shrivastava told PTI.

bsnl-postpaid-data-carry-forward-option

When asked if this will help BSNL to make salary payments, he said that financially, the company is in a comfortable position and it has seen revenue stabilising in other segments as well.

“Even in consumer and mobility segment revenue has stabilised and we have seen slight increase in it. Worst is behind us. We are looking for revival only. In my five years, I have realised that BSNL has so much with it that this organisation should never face problem,” Shrivastava said.

BSNL has been ailing because of a high revenue-to-wage ratio as a large number of government employees were transferred by the telecom department to the telecom PSU.

“We are sitting on gold mine. Department of Public Enterprises has declared that BSNL has a net worth of Rs 83,000 crore which is humongous. If we start working on asset monetisation, we will be able to resolve most of our issues,” Shrivastava said.

Despite being a loss-making telecom firm, BSNL has the lowest debt of Rs 14,000 crore among all telecom operators.

The company has been operating in the highly competitive telecom market without having a spectrum for 4G services. It is the only incumbent operator that has been adding new subscribers every month while others have lost millions in the last few months. It has sought 4G spectrum across India through equity infusion of Rs 7,000 crore. The total spectrum will cost the firm Rs 14,000 crore.

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Debi RoyIndian Recent comment authors
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Debi Roy
Debi Roy

Now we are the King of telecom sector. GOD help us.

City
Siliguri
Operator
BSNL
Indian
Indian

This man trying to blame the govt rather than accepting the inefficiency. Why at all bsnl accepted so many staff at the time of corporatisation. Had he sent those excess staff govt would have used them in other depts. Why at all he increased the pay and perks when there is no profit and is it due to fear of militant unions. Bsnl has always been staff centric rather than customer centric or profit centric. Even people are afraid of your lineman famous for tips.

City
Chennai
Operator
Bsnl

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