Thursday, December 12, 2019

Government Rules Out BSNL, MTNL Disinvestment

Even though The particular resources to be monetised throughout the present financial year have not been identified, the goal for advantage monetisation throughout the current financial year for BSNL and MTNL is Rs 200 crore and Rs 300 crore respectively, telecom minister Ravi Shankar Prasad said in a written response to Rajya Sabha.

"(There's ) no proposal for disinvestment of both BSNL and MTNL is under consideration", he explained.

Condition Run BSNL's losses to the calendar year 2018-19 has climbed to almost Rs 15,000 crore out of 2017-18 and earnings has also dwindled to Rs 19,321 crore in financial 2019.

In a written response to Rajya Sabha, Telecom Minister stated MTNL The Cabinet has accepted the revival program for BSNL and MTNL that inter-alia, comprises in-principle approval for merger of BSNL and MTNL. The merger will profit BSNL/MTNL via pan-India footprint, synergy in operations, decreased fixed costs and prices, sharing of specialized infrastructure and improved Enterprise Business.

According to the Figures provided by him 2018-19, BSNL introduced a reduction of Rs 14,903 crore and also the reduction was 7,993 crore at 2017-18 and Rs 4,793 crore at 2016-17. MTNL published a loss of Rs 3,398 crore at 2018-19, Rs 2,971 crore at 2017-18 and Rs 2016-17 too.

The earnings of BSNL in 2017-18 MTNL's earnings was Rs 3,552 crore at 2016-17, Rs 3,116 crore at 2017-18 and Rs 2,607 crore in 2018-19.

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