BSNL-BBNL Merger: There has been a big update regarding the merger of BSNL. The merger of BSNL has received the prime minister’s approval. Additionally, a significant choice was made in relation to the Cabinet Committee on Economic Affairs (CCEA). Actually, PM Modi’s cabinet met and made these choices under his leadership. The cabinet approved a Rs 1.64 lakh crore revival package for the revival of Bharat Sanchar Nigam Limited (BSNL). That is, now BSNL will be merged soon.
Union Minister gave information
The government has approved a revival package worth Rs. 1,64,156 crore for the resurrection of BSNL, according to Union Minister Ashwini Vaishnav. Apart from this, the cabinet approved the merger of Bharat Sanchar Nigam Limited (BSNL) and Bharat Broadband Network Limited (BBNL). The customers will also benefit if BSNLN gets merged with BBNL.
Know what benefit you will get?
It is worth noting that with this merger, BSNL will now have complete control over 5.67 lakh km of the optical fiber of BBNL spread across the country. The government would do this by issuing bonds for BSNL in the next three years totaling Rs 23,000 crore.At the same time, the government will issue bonds worth Rs 17,500 crore for MTNL in 2 years. The government has approved a revival package worth Rs. 1,64,156 crore for the revival of BSNL, the Union Minister added. This will facilitate the telecom company’s 4G upgrade.
What is the government’s preparation?
Regarding this merger, the government has made specific preparations. Over 6.80 lakh km of optical fiber are in the BSNL network. In addition, 5.67 lakh km of optical fiber have been installed by BBNL in 1.85 lakh gramme panchayats nationwide.BSNLN through Universal Service Obligation Fund (USOF) will get control of the fiber laid by BBNL. According to Ashwini Vaishnav, the 33,000 crore rupees in statutory debt owed by BSNL would be transformed into equity. Additionally, the business will issue bonds to pay off equivalent bank loans (Rs 33,000 crore). He said that the cabinet has also approved the merger of BSNL and Bharat Broadband Network Limited (BBNL).
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