Cabinet Approves ₹6,000 Cr Package for BSNL & MTNL 4G Expansion
In a significant move to accelerate the development of 4G network infrastructure in the country, the Union Cabinet has approved a financial package worth ₹6,000 crore for Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). The package aims to enable the two state-owned telecom operators to expand their 4G network coverage and provide improved connectivity services to consumers.
The approval comes as a major relief for BSNL and MTNL, which have been struggling to compete with private telecom operators in the Indian market. The two companies have been facing financial challenges and have been seeking government support to upgrade their network infrastructure. The approved package is expected to help them catch up with their private rivals and provide better services to their customers.
According to reports, around one lakh 4G sites will be set up under the approved package to improve connectivity and provide better network services for consumers. The expansion of 4G network infrastructure is expected to benefit consumers across the country, particularly in rural areas where connectivity has been a major concern.
The approved package is a significant step towards promoting digital inclusion in the country. With improved connectivity, consumers will have access to faster and more reliable internet services, which will enable them to take advantage of various digital services and applications. The expansion of 4G network infrastructure will also create new opportunities for businesses and startups, enabling them to reach a wider customer base and increase their revenue.
The approval of the package is also expected to have a positive impact on the Indian economy. Improved connectivity will enable businesses to operate more efficiently, increase their productivity, and reduce costs. This, in turn, will lead to increased economic growth and job creation.
While the approved package is a significant step towards promoting digital inclusion, it is not sufficient to fully fund the expansion of 4G network infrastructure. An additional ₹6,000 crore will be required to fully fund the expansion, according to reports. The government is expected to explore various options to raise the additional funds, including privatisation of non-core assets and sale of spectrum.
The approval of the package has been welcomed by industry experts and analysts, who have praised the government for taking a proactive approach to promoting digital inclusion in the country. They believe that the expansion of 4G network infrastructure will have a positive impact on the Indian economy and enable the country to achieve its digital vision.
In conclusion, the approval of the ₹6,000 crore package for BSNL and MTNL 4G expansion is a significant step towards promoting digital inclusion in the country. The package will enable the two state-owned telecom operators to expand their 4G network coverage and provide improved connectivity services to consumers. While the package is a significant step towards promoting digital inclusion, it is not sufficient to fully fund the expansion of 4G network infrastructure. The government is expected to explore various options to raise the additional funds required to fully fund the expansion.
