Will revive BSNL and make it profitable: Minister

Telecom Minister Ravi Shankar Prasad assured the Lok Sabha that state-owned telecom player BSNL is going to be revived soon.

While BSNL is reporting losses since 2010, another telecom PSU MTNL has been in the red in nine of the past 10 years. The total debt on the two firms is around Rs 40,000 crore.

"We are going to revive BSNL and make it profitable," he told the Lower House during the Question Hour.

Last month, the government approved a Rs 69,000 crore revival package for BSNL and MTNL that included merging the two loss-making firms, monetising their assets and giving VRS to employees so that the combined entity turns profitable in two years.

The package includes infusion of Rs 20,140 crore for purchase of 4G spectrum and Rs 3,674 crore for GST to be paid on spectrum allocation.