BSNL Refutes Reports Suggesting Its Shutdown, Says Revival Proposal In Process

Bharat Sanchar Nigam Limited (BSNL) said the government is in the final stage of drafting a revival proposal for the state-owned operator and the same would shortly be sent to the inter-ministerial panel for approval. The announcement was aimed to refute media reports suggesting the closure of BSNL. The operator also specified that the Department of Telecom (DoT) ” recognizes and values” it as a telecom services provider “with huge infrastructure and reach, especially in rural areas”.

“Department of Telecom is in the process of finalizing a proposal for revival of BSNL to be considered by the Digital Communications Commission (DCC) very soon,” BSNL said in a statement on Thursday.

BSNL was responding to a media report on its closure pressurized by the mounting losses.

At present, there is no proposal under consideration with the government for the closure of BSNL. DoT recognizes and values the inherent strengths of BSNL as a telecom services provider with huge infrastructure and reach, especially in rural areas, the operator said.

“It is clarified and reiterated that DoT would like to see a robust BSNL, duly strengthened and financially viable, dedicated to servicing the nation and playing an important role in the telecom sector,” the statement added.

BSNL had narrowed its loss to Rs. 47.85 billion during 2017-18, even as its income declined to Rs. 278.18 billion as against the previous fiscal, Parliament was informed in August 2018.―Gadgets 360