Govt announces plan for merger of BSNL and MTNL
BSNL and MTNL merger on the governments agenda Plan to review the state telecos and compete with private operators Indian government announced the plan for merger of state telecom providers BSNL and MTNL. This $8 billion plan announced on Wednesday is to help these loss-making state telecom service providers catch up with the private operators. “Neither BSNL-MTNL is being closed, nor is being dis-invested, nor is being hived (off) to any third party,” Federal Communications Minister Ravi Shankar Prasad told…