BSNL calls for financial aid from the state

19 Jan 2010

State-owned Indian telco Bharat Sanchar Nigam Ltd (BSNL) is reportedly seeking around USD1.88 billion in government aid over the next two years, according to Global Telecoms Business. The report also claims that BSNL is pressing for an extension on the freeze that has been placed on interest related to government loans. Earlier this month – as reported by CommsUpdate – it was revealed that BSNL could be granted an exemption from paying between 6% and 10% of its annual revenues as a licence fee after the operator presented a case to the Prime Minister’s Office (PMO) with a view to improving its standing in the Indian telecoms sectors.

Alongside the possible financial measures, it is also understood that BSNL has requested that the prime minister’s office should direct all central and state governments to compulsorily subscribe to the telco’s services.

India, Bharat Sanchar Nigam Limited (BSNL)