The Union Cabinet has approved the merger of state-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) on Wednesday. Telecom and IT Minister Ravi Shankar Prasad said the government will put in Rs 29,000 crore for revival of both companies and their assets worth Rs 38,000 would be monetised. Prasad also said the merger would be "operationalised gradually". MTNL will become a subsidiary of BSNL until the merger is completed as the entire process to merge both the firms together would take a longer time. https://twitter.com/OfficeOfRSP/status/1186958901293371393 Four steps for their revival The cabinet has provided a four-way revival plan for BSNL and MTNL. Allotment of 4G spectrum: The government has approved the administrative allotment of 4G spectrum services to BSNL and MTLNL which will enable them to provide broadband and other data services. It will be funded by…
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