AA Edit | BSNL, MTNL bailout welcome

This is the third tranche of the bailout package from the government in the last four years

BSNL rolls out VRS scheme; expects 70,000-80,000 employees to avail it

In all, nearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of 1.50 lakh.

The move comes at a time when Bharat Sanchar Nigam Ltd (BSNL) is facing mounting pressure on its financials.

BSNL as well as MTNL had delayed payment of salaries for February until mid-March due to a financial crisis.

BSNL has been ailing because of high revenue-to-wage ratio as number of government employees were transferred by telecom department to BSNL.

After a telecom subscriber gives consent and indicates his areas of interest, advertisements will be pushed to the screen.

The publicly-listed MTNL serves the national capital and financial capital alone.

It will have forward linkages to other related industries such as telecom equipment manufacturing and other telecom related services.

BSNL takes a big leap by achieving gross subscriber addition of more than 4 million in the month of March 2018.

The move comes at a time when Aircel has filed for bankruptcy.