State-run telecom firm BSNL’s annual loss widened to Rs 7,992 crore for the fiscal year ended March 2018, Parliament was informed Wednesday. Also Read - BSNL launches a new cheap Rs 499 broadband plan to take on Airtel Xtreme, JioFiber
According to financial data shared by Telecom Minister Manoj Sinha in the Lok Sabha, BSNL had posted a loss of Rs 4,793 crore in 2016-17. Also Read - BSNL offers 100 minutes free calling with select plans to aid COVID-19, Cyclone Tauktae affected users
The reason for the widening of loss was not given in the reply. Also Read - BSNL Rs 197 prepaid plan introduced, 4 prepaid plans discontinued
As per another set of data shared by Sinha, the market share of the state-run firm in the broadband segment declined to 10 per cent by the end of the financial year 2018 from 19 per cent in financial year 2009.
The broadband share of the public sector firm has remained stable at 10 per cent since fiscal year 2016.
“…mobile expansion project is under rollout which envisages introducing 4G services in BSNL. This will also increase GSM Radio capacity, mobile coverage and provide faster data connectivity,” Sinha said.
This is published unedited from the PTI feed.