Crucial meeting on BSNL revival ends inconclusively
The crucial meeting convened on Thursday by PK Mishra, Principal Secretary to the Prime Minister, to decide on the fate of ailing Bharat Sanchar Nigam Ltd (BSNL), ended inconclusively.
“The meeting, which ran late into the evening, could not come to a conclusive decision, mainly on whether it’s possible to revive BSNL. This was a crucial meeting, but now the fate of the firm is still unclear,” a source close to the development told BusinessLine.
The Group of Secretaries was asked to study the matter in the next 4-5 days and reach a consensus. In case they agree that the Public Sector Unit (PSU) can be revived, then further decisions regarding the modes of funding and setting up Special Purpose Vehicles (SPVs) among others will be finalised, a source said.