BSNL clears 50% dues to Nokia, ZTE & others

State-run BSNL has cleared 50% of payments due to vendors like Nokia and ZTE, which run the wireless network of the telecom company. It has also cleared a similar percentage of dues of other smaller vendors like UT Starcom.

According to sources, a loan of around Rs 1,800 crore helped BSNL clear dues of Rs 500 crore of Nokia and Rs 400 crore of ZTE. The company had defaulted on payments for the past few months, which had made the vendors jittery.