Package to Revive BSNL and MTNL

New Delhi, Feb 08, 2023 : The Government on 23.10.2019 approved the revival of BSNL and MTNL. As a result of this, BSNL and MTNL have become EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) positive since the financial year 2020-21. Further on 27.07.2022, the Government approved revival package for BSNL amounting to Rs. 1.64 lakhs crores. The revival measures focus on infusing fresh capital for upgrading BSNL services, allocating spectrum, de-stressing its balance sheet, augmenting its fibre network by merging Bharat Broadband Nigam Limited (BBNL) with BSNL and sovereign guarantees to BSNL/MTNL.

This information was given by the Minister of State for Communications, Shri Devusinh Chauhan in a written reply to a question in Lok Sabha today.