Cabinet Approves ₹6,000 Cr Package for BSNL & MTNL 4G Expansion
In a significant move to boost India’s telecommunications sector, the Union Cabinet has approved a financial package of ₹6,000 crore to accelerate the 4G network expansion of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). The package aims to improve connectivity and provide better network services to consumers by setting up around one lakh 4G sites.
The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi, where it was decided that the financial package will be used to enhance the 4G infrastructure of BSNL and MTNL. The expansion of 4G services will enable these state-owned telecom operators to provide faster and reliable internet services to their customers.
According to reports, the ₹6,000 crore package is just the beginning, and an additional ₹6,000 crore will be required to fully fund the expansion of 4G services. The news was first reported by CNBC Awaaz, a leading business news channel in India.
The approval of the financial package is seen as a major relief for BSNL and MTNL, which have been struggling to stay afloat in the competitive Indian telecom market. The two state-owned operators have been facing financial difficulties due to increased competition from private players, resulting in a decline in their market share and revenue.
The expansion of 4G services is expected to help BSNL and MTNL regain their market share and attract more customers. The improved network services will also enable these operators to compete more effectively with private players, which have been offering high-speed internet services to their customers.
The Cabinet’s decision to approve the financial package is also seen as a step towards promoting digital inclusion in the country. By providing better network services, BSNL and MTNL will be able to reach more customers, particularly in rural areas, and bridge the digital divide.
The expansion of 4G services will also create jobs and stimulate economic growth. According to estimates, the expansion of 4G services will create around 1.5 lakh jobs in the telecom sector, which will have a positive impact on the country’s economy.
The approval of the financial package by the Cabinet is also seen as a step towards promoting competition in the Indian telecom market. By providing better network services, BSNL and MTNL will be able to compete more effectively with private players, which will benefit consumers in the long run.
In conclusion, the approval of the ₹6,000 crore package for the expansion of 4G services by BSNL and MTNL is a significant development in the Indian telecom sector. The expansion of 4G services will improve connectivity, provide better network services to consumers, and promote digital inclusion in the country. The Cabinet’s decision is also seen as a step towards promoting competition in the telecom market and creating jobs and stimulating economic growth.
