The Union Cabinet approved the third revival package for BSNL

Tags: Economy/Finance National News

On June 8, the government approved a revival package of over Rs 89,000 crore for BSNL.

An Overview of the News 

Revival Package:

• The total outlay of the revival package is Rs 89,047 crore.

• The package includes allocation 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.

Revival Package Objectives

• BSNL will emerge as a stable telecom service provider focused on providing connectivity to remote parts of India.

• The spectrum allocation will enable BSNL to provide pan India 4G and 5G services.

• BSNL will provide 4G coverage in rural and unserved villages under various connectivity projects.

• Fixed Wireless Access (FWA) services for high-speed internet will be offered by BSNL.

• BSNL will provide services and spectrum for the Captive Non-Public Network (CNPN).

Previous Revival Package

• The first revival package for BSNL and MTNL was approved in 2019, amounting to Rs 69,000 crore.

• The second revival package for BSNL and MTNL was approved in 2022 amounting to Rs 1.64 lakh crore.

About BSNL

• BSNL was incorporated on 15 September 2000.

• It is a 100% Government of India owned public sector undertaking

• It is a technology oriented integrated telecom service provider company.

• It provides wire line services, 2G, 3G, 4G and GSM mobile services including Value Added Services (VAS), Internet and Broadband services, Wi-Fi services, Data Center services etc.

Headquarters -New Delhi, India