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
- 5G is leading to higher data speeds in India, but how long will the average user enjoy these speeds for free? December 4, 2023
- Earnings Call: Mamaearth’s parent company sees 53% rise in earnings December 4, 2023
- ONDC November Round-Up: Paytm, Ola, Metro Tickets, WhatsApp chatbot, and more December 4, 2023
- G7 Countries Agree on International Guidelines for Generative AI: Report December 4, 2023
- Delhi HC to Decide If Google’s Warnings Before Downloading WinZO’s apk File Violate WinZO’s Trademarks December 4, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...