State-owned telco BSNL will install 25,000 new WiFi hotspots across rural areas in the country through financial support from Universal Services Obligation Fund (USOF)—a government owned fund that that is exclusively meant for subsidizing telecom services, reports Economic Times. The entire project is expected to go live within the next six months. BSNL is eligible to secure funds of up to Rs 940 crore, which will be disbursed over a three-year period. In the first year, USOF will cover 100% cost incurred by BSNL for its WiFi project; in the second year USOF will cover 75% cost and another 50% in the third year. Note that BSNL had received Rs 1250 crore in subsidy funds from USOF in September last year for its rural broadband service. However, the new funds from USOF are in contravention of the Cabinet’s stance: it…
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