Finally, BSNL, MTNL to get Rs 15,000-crore sovereign guarantee

NEW DELHI: State-run Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) will receive a sovereign guarantee worth Rs 15,000 crore, following the revival package, approved in October 2019, according to the Department of Economic Affairs.

“Sovereign guarantee of Rs 15,000 crore (Rs 8,500 crore to BSNL and Rs 6,500 crore to MTNL) for the restructuring of their existing debts and meeting some Capex requirements for the launch of 4G services,” the department in a notification said.

The fund is subject to adherence of the department’s terms and conditions, it added.