DoT seeks relief for BSNL, MTNL once again, but with fewer demands

Department of Telecommunications has again sought relief for the beleaguered Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd with fewer demands, essentially translating into lesser cash outgo by the Centre.

It is learnt that DoT has sought funds for the voluntary retirement schemes of the two sick units and allotment of 4G spectrum, besides proposing to raise finances by monetising assets.

The VRS package being considered for BSNL is expected to be around Rs 6,365 crore and an equity infusion of Rs 6,767 crore towards the allotment of 4G spectrum.

“We are hopeful that this proposal would be approved and there is some traction in the revival of BSNL and MTNL,” an official told Business Standard.