Is it too late to privatize MTNL and BSNL?

May 17, 2013

bsnlLast month, India’s communications minister Kapil Sibal wrote to Prime Minister Manmohan Singh asking for the formation of a special committee to look into the revival of state-run telcos Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL).

In the letter, Sibal drew Singh’s attention to his expectation that MTNL’s net worth may be completely eroded in 2013-14 while BSNL is likely to post a loss of around INR 100 billion (US$1.86 billion) in the 2012-13 fiscal year. The government has convened a group of ministers to recommend possible measures for the revival of the two state-controlled telecom companies. Source

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