NEW DELHI: In a bid to revive the ailing telecom firm BSNL, the government on Wednesday approved its merger with Bharat Broadband Network Ltd (BBNL).
The Union Cabinet approved a revival package of Rs 1.64 lakh crore, telecom minister Ashwini Vaishnaw said. The package has a cash component of Rs 43,964 crore and a non-cash component of Rs 1.2 lakh crore spread over 4 years.