![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The Rs 15,000 crore worth of sovereign bonds which will be serviced by the two telcos would be given, according to the minister.
\"Neither BSNL and MTNL are being closed, nor being disinvested nor hived off by the third party, but the government wants<\/span> to make them professional,” Prasad said.<\/span><\/span>
<\/span><\/span>
The Narendra Modi-headed Cabinet has also agreed to a Rs 38,000 crore-asset monetisation scheme over a period of four years<\/span> while <\/span>4G spectrum would be allocated administratively at 2016 prices, telecom minister Ravi Shankar Prasad said at a briefing Wednesday.<\/span><\/span>
“4G spectrum will be allocated administratively at 2016 prices,” Prasad said, <\/span>and added that the government will pay Rs 4,000 crore from the budget provision towards spectrum expense.
\n \n \n \n \n \n \n
Attractive VRS packages will come up which is voluntary, and not a forced one.Ravi Shankar Prasad, Telecom Minister<\/cite><\/div><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\"The said spectrum will be funded by the government by capital infusion in these public sector undertakings at a value of Rs 20,140 crore in addition; the GST amount of Rs 3,674 crore to this spectrum value will also be borne by the government through budgetary resources,\" the government in a statement said.
<\/span>
MTNL which operates in Delhi and Mumbai and is a listed company, according to him, would become a subsidiary of BSNL till the time both entities are completely merged.
The Centre has approved in-principle merger of the two.
“MTNL will act as a subsidiary of BSNL,” he said, and added that the government aims to merge both firms together but the entire process would take a longer time.
“Attractive VRS packages will come up which is voluntary, and not a forced one,” Prasad added.
The ex-gratia component of VRS will require Rs 17,169 crore, and in addition to it, the government will be meeting the cost towards pension, gratuity and commutation.
\nThe revival is delayed but the intention to monetise assets is a good move. It is the right time to monetise fibre infrastructure since it is still evolving.Rajiv Sharma, SBICAP Securities<\/cite><\/div><\/blockquote>\n\n\n\n
State-run BSNL and MTNL have high revenue-to-wage ratio. BSNL has a headcount of 163,000 while MTNL employs 22,000 workforce.
Both the telcos, according to him, are strategic assets which comes to the rescue in the times of natural calamities.<\/span>
“In 2 years, BSNL will become Ebitda (earnings before interest, tax, depreciation and amortization) positive, and the Group of Ministers (GoM) with further decide the future course of action,” he added.
Following Tuesday’s late evening intervention by the Prime Minister Office (PMO<\/a>), the Department of Telecommunications (DoT<\/a>) had sent the note to the Cabinet without the Ministry of Finance (MoF<\/a>) response.<\/span>
\n \n \n \n \n\n\n\n\n\n\n
The department had sought comments from MoF in respect to the Cabinet memo circulated to the nodal ministries.<\/span>
The finance ministry had previously opposed any financial backing to state-driven telcos, and added that any upfront support to BSNL and MTNL would be a huge burden on the budgetary resources of the government.
\"The revival is delayed but the intention to monetise assets is a good move. It is the right time to monetise fibre infrastructure since it is still evolving,\" Rajiv Sharma, Head, Institutional Equity Research, SBICAP Securities said.
Sharma further said that intra-city fibre would give BSNL a better value proposition. \"The scope for tower leasing is apparently lower since all the three players-- Bharti Airtel, Reliance Jio and Vodafone Idea have their own tower subsidiaries,\" he added.
\n \nThis (revival) is a waste of the taxpayer’s money. The best thing is to do disinvestment in BSNL and make it a tradable commodity.BK Syngal, former VSNL Chairman<\/cite><\/div><\/blockquote>\n\n\n\n\n\n
However, the government intends to monetise real estate assets.
Both PHD Chambers of Commerce and the Telecom Exports Promotion Council (Tepc) hailed the Centre’s move to revive the two sick telecom companies.
“We welcome the Cabinet approval of the revival package of BSNL and MTNL. The much-needed support will help the two telcos to a turnaround in next 2 to 3 years of time,” Sandeep Aggarwal, co-chairman of Tepc said.
Going forward, Aggarwal said that the BSNL's assets too could be best monetised by taking assets to a step-down subsidiary and then issuing InvITs and shares to get funds for modernisation and 4G expansion.
Former VSNL chairman Brijendra Kumar Syngal said that despite the stimulus, the situation at both— BSNL and MTNL wouldn’t improve.
“This (revival) is a waste of the taxpayer’s money. The best thing is to do disinvestment in BSNL and make it a tradable commodity,” the industry veteran said, and added that BSNL has some excellent assets that could be monetised.
<\/body>","next_sibling":[{"msid":71720720,"title":"Huawei ships 200 million smartphones in 2019","entity_type":"ARTICLE","link":"\/news\/huawei-ships-200-million-smartphones-in-2019\/71720720","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":71720933,"entity_type":"ARTICLE","title":"Narendra Modi's Cabinet approves merger, VRS, 4G spectrum to revive BSNL, MTNL","synopsis":"\"Neither BSNL and MTNL are being closed, nor being disinvested nor hived off by the third party, but the government wants to make them professional,\u201d Prasad said.\n","titleseo":"telecomnews\/cabinet-likely-to-have-approved-bsnl-mtnl-revival-sources","status":"ACTIVE","authors":[{"author_name":"Muntazir Abbas","author_link":"\/author\/479234376\/muntazir-abbas","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479234376.cms?width=250&height=250&imgsize=6902","author_additional":{"thumbsize":true,"msid":479234376,"author_name":"Muntazir Abbas","author_seo_name":"muntazir-abbas","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1330,"shares":0,"engagementtimems":3702000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/cabinet-likely-to-have-approved-bsnl-mtnl-revival-sources\/articleshow\/71720933.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2019-10-23 15:11:06","lastupd":"2019-10-30 11:39:53","breadcrumbTags":["BSNL","Narendra Modi","Cabinet","MTNL","pmo","MoF","DoT","Bharat Sanchar Nigam Limited","policy"],"secinfo":{"seolocation":"telecomnews\/cabinet-likely-to-have-approved-bsnl-mtnl-revival-sources"}}" data-authors="[" muntazir abbas"]" data-category-name="" data-category_id="" data-date="2019-10-23" data-index="article_1">
新德里:内阁周三已经批准了两种境况不佳的电信公司——复兴计划Bharat Sanchar Nigam说有限(BSNL)和Mahanagar电话尼噶有限公司(MTNL),其中包括15000卢比注入通过主权债券自愿退休计划(工具)和分配的第四代(4 g)无线电波,除了两家亏损的国有运营商的合并。 
价值15000卢比的主权债券年代将由两家电信公司将提供服务,根据部长。
“BSNL和MTNL被关闭,或减资或独立的第三方,但政府想要的年代让他们专业,”普拉萨德说。
兰德Modi-headed内阁还同意Rs 38000 crore-asset货币化方案的四年而4 g频谱分配管理以2016的价格Ravi Shankar Prasad,电信部长在周三的新闻发布会上说。
“4 g频谱分配在2016年的价格管理,”普拉萨德说,并补充说,政府将支付4000卢比的预算规定对频谱的费用。
有吸引力的工具与包会是自愿的,而不是被迫的。Ravi Shankar Prasad,电信部长
“说频谱将由政府注资在这些公共部门事业20140卢比的价值除了;消费税3674卢比的频谱价值也将由政府通过预算资源,“政府在一份声明中说。
在德里和孟买和MTNL运营是一个上市公司,根据他的说法,将成为BSNL直到时间这两个实体的子公司完全合并。
原则上批准了并购的两个中心。
“MTNL将作为子公司BSNL,”他说,并补充说,政府的目标是将两家公司合并在一起但整个过程需要较长的时间。
“有吸引力的工具与包会是自愿的,不是强迫,”普拉萨德说。
工具的特惠组件将需要17169卢比,此外,政府将会议对养老金成本,小费和换向。
复兴是推迟但资产套现的意图是一个不错的选择。这是正确的时间货币化纤维基础设施,因为它仍然在发展。拉吉夫•沙玛SBICAP证券
国营BSNL和MTNL revenue-to-wage高比率。BSNL人数163000而MTNL雇佣了22000名员工。
这两个电信公司,根据他的说法,战略资产来救援的自然灾害。
“2年,BSNL将成为Ebitda(未计利息、税项、折旧及摊销)积极和集团部长(傻子)进一步决定未来的行动,”他补充道。
在周二的晚上干预由总理办公室(PMO)、电信部(点)发送了内阁没有财政部报告(财政部)反应。
这个部门从财政部寻求评论对内阁备忘录中节点部门传阅。
财政部此前反对任何资金支持,成为国有电信公司,并补充说,任何前期支持BSNL和MTNL将是一个巨大的政府的预算资源的负担。
“复兴是推迟,但资产套现的意图是一个不错的选择。是正确的时间货币化纤维基础设施,因为它仍在不断发展之中,“拉吉夫•沙玛,机构股票研究SBICAP证券表示。
Sharma进一步说,城内纤维会给BSNL更好的价值主张。“塔租赁范围明显降低,因为所有三名球员——Bharti Airtel,依赖Jio塔和沃达丰的想法有自己的子公司,”他补充道。
这个(复苏)是浪费纳税人的钱。最好的方法是做蚀本BSNL和使它成为一个可交易的商品。BK Syngal VSNL前主席
然而,政府打算货币化房地产资产。
博士商会和电信出口促进委员会(Tepc)称赞该中心的转移到恢复两个生病的电信公司。
“我们欢迎内阁BSNL和MTNL复兴计划的批准。这两个电信公司急需的支持将有助于在未来2到3年内好转的时候,“Sandeep Aggarwal, Tepc联席主席说。
展望未来,Aggarwal说BSNL最好的资产也可以通过资产货币化然后发行InvITs降压子公司股票获得资金用于现代化和4 g的扩张。
Syngal VSNL前主席Brijendra Kumar说,尽管刺激,这种情况——BSNL和MTNL不会改善。
“这(复苏)是浪费纳税人的钱。最好的方法是做蚀本BSNL和使它成为一个可交易的商品,“行业老手说,补充说,BSNL拥有一些优秀的资产可以兑现。
<\/span><\/figcaption><\/figure> NEW DELHI: The Cabinet<\/a> on Wednesday has approved the revival package for the two ailing telcos— Bharat Sanchar Nigam Limited<\/a> (BSNL<\/a>) and Mahanagar Telephone Nigam Limited (MTNL<\/a>), which includes <\/span>Rs 15,000 crore infusion via sovereign bonds, a <\/span>voluntary retirement scheme (VRS) and allocation of fourth-generation (4G) airwaves, besides the merger of the two loss-making state-run operators.
The Rs 15,000 crore worth of sovereign bonds which will be serviced by the two telcos would be given, according to the minister.
\"Neither BSNL and MTNL are being closed, nor being disinvested nor hived off by the third party, but the government wants<\/span> to make them professional,” Prasad said.<\/span><\/span>
<\/span><\/span>
The Narendra Modi-headed Cabinet has also agreed to a Rs 38,000 crore-asset monetisation scheme over a period of four years<\/span> while <\/span>4G spectrum would be allocated administratively at 2016 prices, telecom minister Ravi Shankar Prasad said at a briefing Wednesday.<\/span><\/span>
“4G spectrum will be allocated administratively at 2016 prices,” Prasad said, <\/span>and added that the government will pay Rs 4,000 crore from the budget provision towards spectrum expense.
\n \n \n \n \n \n \nAttractive VRS packages will come up which is voluntary, and not a forced one.Ravi Shankar Prasad, Telecom Minister<\/cite><\/div><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\"The said spectrum will be funded by the government by capital infusion in these public sector undertakings at a value of Rs 20,140 crore in addition; the GST amount of Rs 3,674 crore to this spectrum value will also be borne by the government through budgetary resources,\" the government in a statement said.
<\/span>
MTNL which operates in Delhi and Mumbai and is a listed company, according to him, would become a subsidiary of BSNL till the time both entities are completely merged.
The Centre has approved in-principle merger of the two.
“MTNL will act as a subsidiary of BSNL,” he said, and added that the government aims to merge both firms together but the entire process would take a longer time.
“Attractive VRS packages will come up which is voluntary, and not a forced one,” Prasad added.
The ex-gratia component of VRS will require Rs 17,169 crore, and in addition to it, the government will be meeting the cost towards pension, gratuity and commutation.
\nThe revival is delayed but the intention to monetise assets is a good move. It is the right time to monetise fibre infrastructure since it is still evolving.Rajiv Sharma, SBICAP Securities<\/cite><\/div><\/blockquote>\n\n\n\n
State-run BSNL and MTNL have high revenue-to-wage ratio. BSNL has a headcount of 163,000 while MTNL employs 22,000 workforce.
Both the telcos, according to him, are strategic assets which comes to the rescue in the times of natural calamities.<\/span>
“In 2 years, BSNL will become Ebitda (earnings before interest, tax, depreciation and amortization) positive, and the Group of Ministers (GoM) with further decide the future course of action,” he added.
Following Tuesday’s late evening intervention by the Prime Minister Office (PMO<\/a>), the Department of Telecommunications (DoT<\/a>) had sent the note to the Cabinet without the Ministry of Finance (MoF<\/a>) response.<\/span>
\n \n \n \n \n\n\n\n\n\n\n
The department had sought comments from MoF in respect to the Cabinet memo circulated to the nodal ministries.<\/span>
The finance ministry had previously opposed any financial backing to state-driven telcos, and added that any upfront support to BSNL and MTNL would be a huge burden on the budgetary resources of the government.
\"The revival is delayed but the intention to monetise assets is a good move. It is the right time to monetise fibre infrastructure since it is still evolving,\" Rajiv Sharma, Head, Institutional Equity Research, SBICAP Securities said.
Sharma further said that intra-city fibre would give BSNL a better value proposition. \"The scope for tower leasing is apparently lower since all the three players-- Bharti Airtel, Reliance Jio and Vodafone Idea have their own tower subsidiaries,\" he added.
\n \nThis (revival) is a waste of the taxpayer’s money. The best thing is to do disinvestment in BSNL and make it a tradable commodity.BK Syngal, former VSNL Chairman<\/cite><\/div><\/blockquote>\n\n\n\n\n\n
However, the government intends to monetise real estate assets.
Both PHD Chambers of Commerce and the Telecom Exports Promotion Council (Tepc) hailed the Centre’s move to revive the two sick telecom companies.
“We welcome the Cabinet approval of the revival package of BSNL and MTNL. The much-needed support will help the two telcos to a turnaround in next 2 to 3 years of time,” Sandeep Aggarwal, co-chairman of Tepc said.
Going forward, Aggarwal said that the BSNL's assets too could be best monetised by taking assets to a step-down subsidiary and then issuing InvITs and shares to get funds for modernisation and 4G expansion.
Former VSNL chairman Brijendra Kumar Syngal said that despite the stimulus, the situation at both— BSNL and MTNL wouldn’t improve.
“This (revival) is a waste of the taxpayer’s money. The best thing is to do disinvestment in BSNL and make it a tradable commodity,” the industry veteran said, and added that BSNL has some excellent assets that could be monetised.
<\/body>","next_sibling":[{"msid":71720720,"title":"Huawei ships 200 million smartphones in 2019","entity_type":"ARTICLE","link":"\/news\/huawei-ships-200-million-smartphones-in-2019\/71720720","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":71720933,"entity_type":"ARTICLE","title":"Narendra Modi's Cabinet approves merger, VRS, 4G spectrum to revive BSNL, MTNL","synopsis":"\"Neither BSNL and MTNL are being closed, nor being disinvested nor hived off by the third party, but the government wants to make them professional,\u201d Prasad said.\n","titleseo":"telecomnews\/cabinet-likely-to-have-approved-bsnl-mtnl-revival-sources","status":"ACTIVE","authors":[{"author_name":"Muntazir Abbas","author_link":"\/author\/479234376\/muntazir-abbas","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479234376.cms?width=250&height=250&imgsize=6902","author_additional":{"thumbsize":true,"msid":479234376,"author_name":"Muntazir Abbas","author_seo_name":"muntazir-abbas","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1330,"shares":0,"engagementtimems":3702000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/cabinet-likely-to-have-approved-bsnl-mtnl-revival-sources\/articleshow\/71720933.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2019-10-23 15:11:06","lastupd":"2019-10-30 11:39:53","breadcrumbTags":["BSNL","Narendra Modi","Cabinet","MTNL","pmo","MoF","DoT","Bharat Sanchar Nigam Limited","policy"],"secinfo":{"seolocation":"telecomnews\/cabinet-likely-to-have-approved-bsnl-mtnl-revival-sources"}}" data-news_link="//www.iser-br.com/news/cabinet-likely-to-have-approved-bsnl-mtnl-revival-sources/71720933">
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