The Group of Ministers on revival for MTNL and BSNL, headed by Finance Minister P Chidambaram, is scheduled to have its second meeting on July 30.

“GoM meeting is scheduled for July 30 at North Block,” a Government official told PTI.

The GoM last met on June 12 when it had initial discussion on rejuvenating two loss making state-run telecom firms.

MTNL reported widening of the net loss to Rs 5,321.12 crore for financial year 2012-13, compared to Rs 4,109.78 crore in FY’12. BSNL losses, as per unaudited results, stand at Rs 8,198 crore for 2012-13, compared Rs 8,851 crore posted in 2011-12.

There are a series of measures that the Department of Telecom has presented before GoM in the last meeting, including financial support for both public sector unit, especially spectrum related which amount to around Rs 22,964 crore, preference to them for providing services to Government Departments, entry of these PSU’s in broadcast segment among others.

(This article was published on July 17, 2013)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.