Centre Approves Rs 89,047 Cr For 4G, 5G Spectrum Allocation To BSNL
As part of the revival strategy, the union cabinet has approved the third revival package for BSNL with a total outlay of Rs 89,047 crore.
It includes an allotment of 4G/5G spectrum for BSNL through equity infusion.
The Ministry of Communications in a statement said that the authorised capital of BSNL will be increased from Rs 1,50,000 crore to Rs 2,10,000 crore.
"With this revival package, BSNL will emerge as a stable telecom service provider focused on providing connectivity to the remotest parts of India," said the statement.
With this spectrum allotment, BSNL will be able to provide pan India 4G and 5G services and 4G coverage in rural and uncovered villages under various connectivity projects.
It will also be able to provide fixed wireless access (FWA) services for high-speed internet and services/spectrum for captive non-public networks (CNPN).
The government had approved the first revival package for BSNL/MTNL in 2019. It amounted to Rs 69,000 crore and brought stability to BSNL/MTNL.
In 2022, the Centre approved a second revival package for BSNL/MTNL amounting to Rs. 1.64 Lakh crore.
It provided financial support for capex, viability gap funding for rural landlines, financial support for de-stressing the balance sheet, and settlement of AGR dues, merger of BBNL with BSNL, etc.
