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Cabinet approves Rs 89,000 cr revival package for BSNL: Sources

The Union Cabinet on Wednesday is likely to have approved the Rs 89,000 crore revival package for Bharat Sanchar Nigam Limited (BSNL). The package will be utilised for enhancing BSNL's 4G and 5G services. The Central government believes that a government PSU in telecom should flourish because of its strategic importance, sources told BTTV.

This, however, is not the first revival package for BSNL announced by the Centre. The Centre also announced a revival package for BSNL in July 2022 worth Rs 1.64 lakh crore to provide 4G and 5G services to turn the telecom PSU into a more profitable organisation. The package comprised cash component worth Rs 43,964 crore and non-cash component worth Rs 1.2 lakh crore spread over a duration of 4 years.

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