Bharat Sanchar Nigam Limited (BSNL) announced that it will roll out its 4G services across India by September 2022. The state-owned telecom company will see around Rs. 900 crore revenue increment in the first year of the rollout, parliament was informed on December 1.
In a written reply to Lok Sabha, Devusinh Chauhan, Minister of State for communication, clarified that there are no plans to disinvest BSNL and Mahanagar Telephone Nigam Ltd (MTNL), dismissing all the rumors.
As per the audited financial statement, as of September 30, 2021, the assets of BSNL are worth Rs 1,33,952 crore, and MTNL’s are worth Rs 3,556 crore.
According to the financial statement on the netblock of property, plant, and equipment and it was Rs 89,878 crore for BSNL and Rs 3,252 crore for MTNL till March 2021.
Until September 30, 2021, BSNL has a total liability of Rs 85,721 crore in and MTNL has Rs 30,159 crore in liabilities.
The government approved a revival plan for both BSNL and MTNL, including administrative allotment of spectrum for providing 4G services through budgetary allocation.