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 of ₹6,000 crore. This move is expected to improve connectivity and provide better network services for consumers across the country. According to reports, around one lakh 4G sites will be set up to ensure seamless coverage.
The approval comes as a major relief for BSNL and MTNL, which have been struggling to maintain their market share in the competitive telecom landscape. The two state-owned telecom operators have been facing significant losses due to the increasing competition from private players such as Reliance Jio, Bharti Airtel, and Vodafone Idea.
The financial package of ₹6,000 crore will be used to fund the expansion of 4G networks in both urban and rural areas. This will not only improve the overall network experience for consumers but also provide a much-needed boost to the economy. The expansion of 4G networks is expected to create new job opportunities and stimulate economic growth.
An additional ₹6,000 crore will be required to fully fund the expansion, as reported by CNBC Awaaz. However, the Cabinet’s approval of the initial package of ₹6,000 crore is a significant step towards achieving this goal.
The expansion of 4G networks will also help BSNL and MTNL to compete more effectively with private players. The two state-owned operators have been struggling to keep up with the rapid pace of technological advancements in the telecom sector. The approval of the financial package will enable them to invest in the latest technologies and upgrade their infrastructure to provide better services to their customers.
The Cabinet’s decision to approve the financial package is seen as a positive move by the telecom industry. Industry experts believe that the expansion of 4G networks will not only improve connectivity but also provide a much-needed fillip to the economy.
“The approval of the financial package is a welcome move by the Cabinet. It will enable BSNL and MTNL to expand their 4G networks and provide better services to their customers,” said a telecom industry expert. “The expansion of 4G networks will also create new job opportunities and stimulate economic growth.”
The Cabinet’s decision to approve the financial package is also seen as a step towards promoting digital inclusion. The expansion of 4G networks will enable more people, especially in rural areas, to access the internet and other digital services. This will help to bridge the digital divide and promote digital inclusion.
In conclusion, the Cabinet’s approval of the ₹6,000 crore financial package for BSNL and MTNL 4G expansion is a significant move that will improve connectivity and provide better network services for consumers. The expansion of 4G networks will also create new job opportunities and stimulate economic growth. The Cabinet’s decision is seen as a positive move by the telecom industry and is expected to promote digital inclusion.
