The Union Cabinet on Wednesday well-liked a Rs 1.64 lakh crore kit for the revival of enlighten-owned telecom company BSNL, Telecom Minister Ashwini Vaishnaw stated.
The revival measures well-liked by the Cabinet focal level on fresh capital for upgrading products and companies, allocating spectrum, de-stressing its balance sheet and augmenting its fiber network by merging Bharat Broadband Nigam Ltd (BBNL) with BSNL.
Briefing journalists on the selection taken by the Union Cabinet, he stated the kit has a money component of Rs 43,964 crore and a non-money component of Rs 1.2 lakh crore spread over four years.
The government will receive administrative allocation of spectrum BSNL desires to provide 4G products and companies. The allocation of spectrum in 900/1800 MHz band on the worth of Rs 44,993 crore would be thru equity infusion.
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He stated to meet the projected capital expenditure for subsequent four years, the federal government will fund capex of Rs 22,471 crore for growing 4G technology stack.
Furthermore, the federal government will present Rs 13,789 crore to BSNL as viability-gap funding for commercially unviable rural wireline operations done all over 2014-15 to 2019-20.
To de-stress the balance sheet, Rs 33,404 crore statutory dues could be transformed into equity.
Apart from, the federal government will present sovereign ensures for elevating money to repay most smartly-liked loans, he stated.
To facilitate wider utilization of infrastructure laid below BharatNet, BBNL could be merged with BSNL, he stated.
The infrastructure created below BharatNet will proceed to be a national asset, accessible on a non-discriminatory basis to all of the Telecom Carrier Suppliers.
The Minister stated the Union Cabinet additionally well-liked a mission for saturation of 4G mobile products and companies in uncovered villages across the country at a full payment of Rs 26,316 crore.
The mission will present 4G mobile products and companies in 24,680 unco