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Authorized Capital of BSNL to be increased from Rs.1,50,000 crore to Rs.2,10,000 crore

Newdelhi:7/6/23:In a significant move, as part of the revival strategy, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi, today approved the third revival package for BSNL with the total outlay of Rs. 89,047 crore.   It includes allotment of 4G/5G spectrum for BSNL through equity infusion.

The authorized capital of BSNL will be increased from Rs. 1,50,000 crore to Rs. 2,10,000 crore.

With this revival package, BSNL will emerge as a stable telecom service provider focused on providing connectivity to remotest parts of India.

The details of spectrum are as follows:

Band Spectrum allotted Budgetary support
700 MHz 10 MHz paired in 22 LSAs Rs. 46,338.60 Cr
3300 MHz 70 MHz in 22 LSAs Rs. 26,184.20 Cr
26 GHz 800 MHz in 21 LSAs and 650 MHz in 1 LSA Rs.   6,564.93 Cr
2500 MHz 20 MHz in 6 LSAs and 10 MHz in 2 LSAs Rs.   9,428.20 Cr
  Miscellaneous items Rs.      531.89 Cr
Total Rs.  89,047.82 Cr

With this spectrum allotment, BSNL will be able to:

    1. Provide pan India 4G and 5G services.
    2. Provide 4G coverage in rural and uncovered villages under various connectivity projects.
    3. Provide Fixed Wireless Access (FWA) services for high-speed internet.
    4. Provide services/spectrum for Captive Non-Public Network (CNPN).

BSNL/MTNL revival:

  • Government had approved the first revival package for BSNL/MTNL in 2019. It amounted to Rs. 69,000 Crore and brought stability in BSNL/MTNL.
  • In 2022, Government approved second revival package for BSNL/MTNL amounting to Rs. 1.64 Lakh Crore.   It provided financial support for capex, viability gap funding for rural landlines, financial support for de-stressing the balance sheet, and settlement of AGR dues, merger of BBNL with BSNL, etc.
  • As a result of these two packages, BSNL has started earning operating profits since FY 2021-22. Total debt of BSNL has reduced from Rs. 32,944 Crore to Rs. 22,289 Crore.
  • Key financials of BSNL are as follows:
  FY 2020-21 FY 2021-22 FY 2022-23
Revenue 18,595 Cr 19,053 Cr 20,699 Cr
Operating profit 1,177 Cr 944 Cr 1,559 Cr
  • BSNL has achieved strong growth in home fiber segment. It is providing more than 1 Lakh new connections every month. Total home fiber subscriber base of BSNL in May 2023 is 30.88 Lakh. Total revenue from home fiber last year was Rs. 2,071 Crore.

Indigenous 4G/5G technology

  • Telecom technology is a strategic technology with a limited number of end-to-end technology providers in the world.
  • Under the Atmanirbhar vision of Hon’ble Prime Minister Narendra Modi, India’s own 4G/5G technology stack has been successfully developed.
  • Deployment has started. After a few months of field deployment, it will be rapidly rolled out across the country on BSNL network.

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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