New Delhi. A big news has come out about the government telecom company Bharat Sanchar Nigam Limited (BSNL). The cabinet approved a revival package of Rs 1.64 lakh crore to revive BSNL. Union Minister Ashwini Vaishnav informed about the decisions of the cabinet meeting. The Union Minister said that along with this, the cabinet approved the merger of Bharat Sanchar Nigam Limited (BSNL) and Bharat Broadband Network Limited (BBNL).
The Union Minister said that this package will help the telecom company to upgrade to 4G. At the same time, the merger of BSLN and BBNL will also strengthen the combined company. With this merger, BSNL will now have complete control of 5.67 lakh km of optical fiber of BBNL spread across the country.
There will be a big benefit from the merger
BSNL has more than 6.80 lakh km of optical fiber network. At the same time, BBNL has laid 5.67 lakh km of optical fiber in 1.85 lakh gram panchayats of the country. BSLN will get control of the fiber laid by BBNL through Universal Service Obligation Fund (USOF). To raise funds, the government will issue bonds worth Rs 23,000 crore for BSNL in the next three years. At the same time, the government will issue a bond of Rs 17,500 crore for MTNL in 2 years.
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FIRST PUBLISHED : July 27, 2022, 17:09 IST