BSNL is preparing to become profitable, can give VRS to 18,000 employees

Government telecom firm Bharat Sanchar Nigam Limited (BSNL) has improved its functioning in the previous couple of months. The variety of BSNL subscribers has additionally elevated. The firm plans to scale back its present workforce by about 35 % to strengthen its steadiness sheet.

The Telecom Department (DoT) might quickly search approval from the Finance Ministry for the second Voluntary Retirement Scheme (VRS) of BSNL. a media Report Quoting a supply having details about this, it has been informed that the board of BSNL has despatched a proposal to take away 18,000 to 19,000 employees by way of VRS. Following the directions of the Communications Ministry, this firm has proposed VRS. After getting approval from the Finance Ministry, it will likely be offered earlier than the Cabinet for approval.

BSNL has demanded round Rs 15,000 crore for VRS. The firm spends about Rs 7,500 crore yearly on the salaries of its employees, which is about 38 % of its income. BSNL plans to scale back this expense. The firm will launch eSIM quickly. Its 4G community could also be accessible throughout the nation by June subsequent 12 months. After this the corporate plans to launch 5G community.

However, 5G networks of massive personal telecom corporations like Bharti Airtel and Reliance Jio are current in giant components of the nation. In this respect BSNL is far behind these corporations. The firm has mentioned that it’s going to begin eSIM service by March subsequent 12 months. After this, 4G community can be made accessible throughout the nation by June. The firm doesn’t plan to enhance tariffs any time quickly. Recently, Telecom Minister Jyotiraditya Scindia had mentioned that the monetary restoration of the corporate is happening. BSNL plans to launch 5G service in the course of subsequent 12 months. Scindia had mentioned that the functioning of BSNL is getting stronger. It is essential for a rustic like India to have three-four telecom corporations. He had mentioned, “The company’s revenue has increased by 12 percent in the last three-four years. The company’s expenditure has decreased by 2 percent during this period. The company has been positive in terms of EBITDA for the last three years.” The firm plans to set up about one lakh towers by June subsequent 12 months.