News / PMO intervenes to bail out BSNL, MTNL; asks DoT to expedite revival proposals

India TV : Apr 05, 2019, 10:26 AM

The Prime Minister's Office is learnt to have agreed in principle to bail out loss-making public sector telecom firms MTNL and BSNL by addressing their three key pain points. Both the companies have also sought spectrum for 4G services through equity infusion from the government. BSNL, which has the lowest debt of Rs 14,000 crore among all telecom operators, has sought 4G spectrum across India through equity infusion