Govt plans Rs 74,000 crore bailout for BSNL, MTNL: Report

Govt plans Rs 74,000 crore bailout for BSNL, MTNL: Report

The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), reports The Times of India. The scheme involves an attractive exit package of an additional five percent compensation (ex-gratia) and provisions for 4G spectrum and capital expenditure, the report said. BSNL is India’s largest loss-making state-run entity, with losses estimated at Rs 13,804 crore as of FY19-end. MTNL comes third with a loss of Rs 3,398…

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