Cabinet Approves ₹6,000 cr Package for BSNL & MTNL 4G Expansion
In a significant move to accelerate the 4G network expansion of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), the Union Cabinet has approved a financial package worth ₹6,000 crore. This move is expected to improve connectivity and provide better network services for consumers across the country. The Cabinet’s decision is seen as a major boost for the state-run telecom operators, which have been struggling to compete with private players in the market.
According to reports, the ₹6,000 crore package will be used to set up around one lakh 4G sites, which will significantly enhance the network coverage and quality of services provided by BSNL and MTNL. The expansion plan is expected to benefit both urban and rural areas, ensuring that consumers have access to high-speed internet and reliable voice services.
The Cabinet’s approval comes at a time when BSNL and MTNL have been facing significant challenges in terms of network coverage and quality. The two state-run operators have been losing market share to private players, such as Bharti Airtel, Vodafone Idea, and Reliance Jio, which have invested heavily in their networks and offer a wide range of services to their customers.
BSNL and MTNL have been struggling to keep up with the competition, and their network coverage and quality have been impacted as a result. The Cabinet’s approval of the ₹6,000 crore package is expected to help the two operators to improve their network coverage and quality, and to provide better services to their customers.
The expansion plan is also expected to create jobs and stimulate economic growth in the country. The setting up of new 4G sites will require the hiring of new personnel, including engineers, technicians, and other supporting staff. Additionally, the expansion plan is expected to generate employment opportunities in the manufacturing and supply chain sectors.
An additional ₹6,000 crore will be required to fully fund the expansion plan, CNBC Awaaz reported. The report also stated that the Cabinet’s approval is subject to certain conditions, including the need for BSNL and MTNL to reduce their debt and improve their financial health.
The Cabinet’s approval of the ₹6,000 crore package is seen as a significant step towards revitalizing the state-run telecom operators. The package will help BSNL and MTNL to improve their network coverage and quality, and to provide better services to their customers. It will also create jobs and stimulate economic growth in the country.
In conclusion, the Cabinet’s approval of the ₹6,000 crore package for BSNL and MTNL 4G expansion is a major boost for the state-run telecom operators. The package will help the two operators to improve their network coverage and quality, and to provide better services to their customers. It will also create jobs and stimulate economic growth in the country.
