BSNL (image via @JKAlerts/Facebook)The state-owned and operated Bharat Sanchar Nigam Limited (BSNL) is set to launch high-speed 4G telecom services in six months of time, revealed the telecom giant's incumbent chairman Pravin Kumar Purwar in an interview to Economic Times.
The company will be investing a whopping sum to the tune of Rs 12,000 crore to establish a robust and reliable next-generation network over the next two years so as to increase its odds against the three private sector telecom giants, Bharti Airtel, Reliance Jio and Vodafone Idea.
The telecom behemoth's walk towards launching 4G services comes after the Government of India recently announced and approved a mega revival package to turn the company EBITDA positive within the next two years.
The company's chairman also shared in the interview that the company is set to monetise 14 high-value parcels of land held by it in a bid to raise a sum of Rs 8,000 crore in a phased manner in addition to the support announced for it by the Government in its revival package.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.