BSNL-BBNL merger close to finalisation, Deloitte to submit report on Friday

On July 27, the government approved a DoT proposal for the "Revival of BSNL and merger of BBNL with BSNL"

Bharat Sanchar Nigam Ltd (BSNL) and Bharat Broadband Network's (BBNL) merger to set up the country's largest optic fibre cable (OFC) network is reportedly close to finalisation. According to a report in Hindu BusinessLine (BL), Deloitte has been tasked working out the modalities and creating a company that would help in expanding the government's digital reach under BharatNet. 

"The valuation report to determine the swap ratio and valuation of assets and liabilities is underway and will be submitted by November 25 to BSNL, and the draft scheme of merger along with the Board report by December 18. This has to be