BSNL, MTNL losses at Rs 3,785 crore & Rs 1,567 crore: Government Click here for the details
State-owned telecom firms BSNL and MTNL have incurred losses of Rs 3,785 crore and Rs 1,567 crore till September in the current financial year and steps are being taken to revive them, government said today.
The losses are on account of decline in revenue and increase in expenditure, Minister of Communications and IT Ravi Shankar Prasad said in a written reply to the Lok Sabha.
At present, there is no proposal for disinvestment in MTNL and BSNL though the government is in the process of revival of the two firms through various short term, medium term and long term measures, he added.
“The long-term measures, including merger of BSNL and MTNL, would attempt to position these PSUs to emerge as market leaders in the converged telecommunication market.”
