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BSNL posted losses of Rs 1,721 Cr during first of FY 2016-17

BSNL_Office,_East_Street,_Pune_Camp (1)

State-owned telco BSNL posted losses of Rs 1,721 crore during the first half of 2016 (up till 30th June 2016), telecom minister Manoj Sinha informed the Parliament last week. In the same period, BSNL posted overall revenues of Rs 7,331 crore. Comparatively, in the previous financial year (FY 2015-16), it posted net loss of Rs 3,880 core, and overall revenues of Rs 32,919 crore, up 14% year-on-year.

Overall revenues and Net loss numbers for past years:
-During  FY 2013-14, it posted overall revenues of Rs 27,996 crore; and a net loss of Rs 7019 crore
-During FY 2014-15, overall revenues increased to Rs 28,645, while net loss widened to Rs 8234 crore.

BSNL ramps up broadband capacity, rolls out new 3G offers

Facing competition from private players like Jio, Airtel, Idea, and Vodafone, BSNL said in October that it will be expanding mobile broadband capacity up to 600 TB in its south circles, and up to 450 TB in other circles. The decision came after the telco witnessed an increasing demand from the recently launched unlimited 3G internet pack for Rs 1099. Note that BSNL does not have any 4G airwaves. The hyper competitive cellular market has forced the PSU to introduce unlimited voice plans, and many other 3G datita promo packs in order to retain its users.

Due to the lack of 4G, the company has been concentrating on broadband and WFi service expansion. In October, it upped its Fair Usage Policy (FUP) speed limits in all postpaid broadband connections to 1 mbps, from the previous 512 kbps limit.

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In the same month, both BSNL and MTNL signed a deal with Union Tourism Ministry to equip 100 tourist destinations across the country with high speed public WiFi hotspots.

Roaming agreements with private players

To put its underutilized spectrum to use, BSNL signed 2G intra-circle roaming (ICR) agreement Vodafone to use each other’s network assets and expand 2G connectivity across the country in all of their circles.  Bharti Airtel also finalized a pan-India 2G ICR deal in April.

In April this year, the company also inked a 2G Intra Circle Roaming deal with Aircel applicable across all circles; both companies were in talks since January. In March, Reliance Jio had signed an ICR deal with the PSU, which was applicable across 22 circles.

Screenshot of minister Manoj Sinha’s reply:
bsnl-financials

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