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Not possible to infuse any further capital,Nokia to BSNL

Finnish telecom giant Nokia has threatened to pull out support for maintaining BSNL’s network if its dues worth Rs 910 crore are not cleared immediately. The company, which controls nearly 40% of BSNL’s network, has also warned about job losses as it will be forced to terminate employees, who are dedicated to the state-run firm.

BSNL has not made payments to Nokia since March, despite its commitment to clear the dues in monthly installments by September 2020.

‘Given the COVID situation we are now under tremendous financial crunch and it would not be possible for Nokia to infuse any further capital in maintaining the installed equipment and hence continue any further support including AMC (annual maintenance contract) services,’ Nokia said in a letter to BSNL Chairman and Managing Director PK Purwar, a copy of which was also marked to Telecom Secretary Anshu Prakash.

Asia News

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