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

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