BSNL, MTNL revival plan approved by Union govt

The government today
approved a revival plan for
BSNL and MTNL, announcing
that neither the two
companies are being closed
nor disinvested.

Briefing reporters about the
cabinet decision,
Communications and IT
Minister Ravi Shankar Prasad
said, the Cabinet has
approved a revival plan and
gave in-principle approval for
the merger of BSNL and
MTNL.

He said, under the revival
plan, 15 thousand crore
rupees sovereign bonds will
be raised and 38 thousand
crore rupees assets
monetised