It may cost about Rs 74,000 crore to revive BSNL, MTNL

The DoT will send a proposal to the cabinet for a revival plan worth Rs 74,000 crore for the ailing state-run telecom firms – BSNL and MTNL – where Rs 22,000 crore would be in the way of capital infusion for acquiring 4G spectrum, and for a voluntary retirement scheme (VRS), part of the expenditure for which will be borne both companies.
The Department of Telecom (DoT) move comes following the appointment of a high-level committee to look into the revival of MTNL and BSNL, an official source said on Tuesday
“The Telecom Ministry’s decision to send the revival proposals of BSNL and MTNL will go to the cabinet this month along with opinions given by all ministries, including the Finance Ministriy. It will also contain the response of the nodal ministry to the queries, responses and comments given by several other ministries,” the source said.