Government today said there is no proposal to disinvest stake in BSNL and MTNL as part of their revival strategy. To a question whether the government has any proposal to disinvest BSNL and MTNL as part their revival strategy, Telecom Minister Ravi Shankar Prasad replied in the negative. Also Read - BSNL launches a new cheap Rs 499 broadband plan to take on Airtel Xtreme, JioFiber
In a written reply in Lok Sabha, the minster said every attempt with effective monitoring is being undertaken to revive the two companies and make them competitive. Also Read - BSNL offers 100 minutes free calling with select plans to aid COVID-19, Cyclone Tauktae affected users
“The results are positive. There is no proposal to disinvest them as part of revival plan,” Prasad said. Also Read - Let our firms take part in 5G trials, China tells India
The minister further said the government has provided financial support of Rs 169.16 crore to BSNL and Rs 458.04 crore to MTNL for surrender of spectrum in 800 MHz band.
In reply to a separate question, Prasad said Rs 7,795.99 crore have been allocated and authorized by BSNL in 2015-16 for expansion of communication network capacity in various telecom services.