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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

Cabinet approves Rs 1.64 lakh crore revival package for BSNL; to merge with Bharat Broadband Network

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.

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