The merger of Bharat Broadband Network Limited (BBNL) and Bharat Sanchar Nigam Limited (BSNL) are going to be completed this month. The decision to merge BBNL and BSNL had already been taken by the govt and this process was scheduled to be completed before 31st March. The government has plans to infuse funds of around Rs 1.6 trillion, of which Rs 36,260 crore would be cash support for BSNL over a period of the subsequent three years. BSNL/MTNL had a combined debt of Rs 59,588 crore. As far as the organization is concerned the organizations’ Adjusted Gross Revenue (AGR) dues (spectrum usage charges and licencing fee) are currently Rs 43,148 crore. For both BSNL and MTNL, the govt is thinking of converting AGR dues into equity. If BBNL and BSNL merge, it will lead to the latter’s...
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