BSNL Collects Record Rs 6500 Crore In Revenue From Enterprise Division
BSNL has collected a record revenue of Rs 6500 crore from the enterprise segment, making it sufficiently funded, which will help in meeting its various requirement.
“We have collected Rs 6500 crore from enterprise segment for 2018-19. This is highest ever that BSNL has collected with 91,000 enterprise making payment. On average, annual collection used to be from 50,000-60,000 enterprises,” BSNL CMD Anupam Shrivastava told PTI.
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 stabilizing in other segments as well.
“Even in consumer and mobility segment revenue has stabilized and we have seen slight increase in it. Worst is behind us. We are looking for revival only. In my five years, I have realized that BSNL has so much with it that this organization should never face a problem,” Shrivastava said.
BSNL has been ailing because of 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 Enterprise has declared that BSNL has net worth of Rs 83,000 crore which is humongous. If we start working on asset monetization, 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 spectrum for 4G services. It is the only incumbent operator that has been adding new subscribers every month while others have lost millions in last few months. It has sought 4G spectrum across India through equity infusion of Rs 7000 crore. The total spectrum will cost the firm Rs 14,000 crore.―Money Control
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