PMO may go ahead with BSNL, MTNL revival package

The Cabinet is soon expected to consider a formal proposal for the revival of cash-strapped state-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), with an approval expected by month end, according to a person aware of the matter.

The decision was taken after a high-level meeting at the Prime Minister’s Office (PMO) on Tuesday, despite the finance ministry reiterating its opposition on the revival package, citing additional financial burden on the state exchequer.

The Department of Telecommunications (DoT) Secretary Anshu Prakash and BSNL Chairman PK Purwar were also present at the meeting.