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Tuesday, July 2, 2019

BSNL says it will not be closed down

Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company.

  • Due to stiff competition and the lowering of tariff, BSNL is facing a funds crisis for the last few months

  • BSNL said there is no proposal to close down the company as has been reported by a section of the media

In a statement issued here, the company said: "There is no proposal to close down BSNL as wrongly reported in a section of the press. Due to stiff competition and the lowering of tariff, BSNL is facing a funds crisis for the last few months."
According to the statement, the Central government is actively preparing a revival plan for BSNL for approval by the Cabinet.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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