Cabinet Approves ₹6,000 Cr Package for BSNL & MTNL 4G Expansion
In a significant development, 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). This move is expected to improve connectivity and provide better network services for consumers. The package will enable the setting up of around one lakh 4G sites across the country, bridging the gap between the existing network and the demand for high-speed internet.
According to sources, the Cabinet approval is a significant step forward for the two public sector undertakings (PSUs), which have been struggling to expand their 4G networks due to financial constraints. The ₹6,000 crore package will be used to fund the construction of new 4G sites, upgrade existing infrastructure, and improve network coverage and quality.
The decision to provide financial support to BSNL and MTNL is seen as a strategic move to strengthen the country’s telecommunications sector. The two PSUs have been facing intense competition from private operators, particularly in the 4G space. The Cabinet’s approval is expected to help them to improve their network capabilities, increase their market share, and provide better services to customers.
The ₹6,000 crore package is not the only financial support provided to BSNL and MTNL. An additional ₹6,000 crore will be required to fully fund the expansion, which is expected to be met through a combination of government funding, public issue of bonds, and internal resources.
The expansion of 4G networks by BSNL and MTNL is expected to have a significant impact on the country’s telecommunications landscape. With improved network coverage and quality, consumers can expect faster data speeds, better call drops, and uninterrupted connectivity. The expansion will also provide employment opportunities, stimulate economic growth, and bridge the digital divide.
The Cabinet’s approval is seen as a step forward in the government’s efforts to promote digital India and provide universal access to high-speed internet. The government has been working towards increasing the coverage of 4G networks in rural areas, where connectivity is still a major challenge.
The approval is also seen as a positive move for BSNL and MTNL employees, who have been demanding better working conditions and improved network infrastructure. The expansion of 4G networks will provide them with better opportunities for growth, improved job security, and enhanced career prospects.
In conclusion, the Cabinet’s approval of the ₹6,000 crore package for BSNL and MTNL 4G expansion is a significant step forward in the country’s telecommunications sector. The package will enable the setting up of around one lakh 4G sites, improve connectivity, and provide better network services to consumers. The expansion is expected to have a positive impact on the country’s economy, employment, and digital development.
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