wordpress blog stats
Connect with us

Hi, what are you looking for?

BSNL, MTNL turned EBITDA-positive as state-owned telcos cut manpower costs

BSNL and MTNL, the two state-owned telecom operators, turned EBITDA-positive and made some operating profit in the first half of the financial year ending March 2021, the government said in a press release on Tuesday. "Total 92,956 employees of both PSUs (BSNL — 78569 and MTNL— 14387) who opted for VRS have retired on 31.01.2020. The salary expenditure in BSNL and MTNL has reduced by around 50% (approx. RS. 600 crores per month) and 75% (approx, Rs. 140 crores per month) respectively," the government said. The offloading of manpower through voluntary retirements has removed one of the biggest expenses from the state-owned telecom operators, who are due to merge soon. "The comprehensive revival plan [for both telcos] consists of several measures including reduction of staff cost through Voluntary Retirement Scheme (VRS), allotment of spectrum for 4G services, monetization of land/building, tower and Fiber assets of BSNL/MTNL, debt restructuring through sovereign guarantee bond and in-principle approval of merger of BSNL and MTNL," the government said. 4G spectrum in Delhi and Mumbai is being allotted, the company added. It is unclear whether the telcos even had significant operating expenditure in 2020 on account of the pandemic; even as demand for broadband surged, BSNL haemorrhaged fixed line subscribers to Reliance Jio. Also read India Crossed 700 Million Broadband Connections In July, 20 Million Wired DoT Committee Recommends That BSNL 4G Core Be Indian, With Source Code Audits

Please subscribe/login to read the full story.
Written By

I cover the digital content ecosystem and telecom for MediaNama.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

News

By Soujanya Sridharan and Dr. Sarayu Natarajan Platform work and data: the intersection Every time you use a ride-hailing app, the matching algorithm processes...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ