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DoT mulls Rs 13,000 crore bailout package for debt-ridden BSNL

The proposal includes a Rs 6,365 crore voluntary retirement package and 4G spectrum allotment through Rs 6,767 crore equity infusion and monetisation of real estate assets

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A woman speaks on her mobile phone in front of the logo of Bharat Sanchar Nigam Ltd (BSNL) painted on a wall outside its office in Kolkata. Photo: Reuters

Megha Manchanda New Delhi
The Department of Telecommunications (DoT) is considering a Rs 13,000-crore bailout plan for state-owned Bharat Sanchar Nigam Ltd (BSNL), which is struggling to stay afloat amid a precarious debt situation. The proposal includes a voluntary retirement package of Rs 6,365 crore and an equity infusion of Rs 6,767 crore towards the allotment of 4G spectrum. Besides, the ministry is looking at the monetisation of BSNL’s real estate assets.   

“Banks are now reluctant to give even short-term loans to BSNL. The company’s total loss in FY19 is estimated at Rs 7,000 crore, including Rs 4,000-crore operational loss due to depreciation,”

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