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BSNL and BBNL received Rs 1,500 Crore fund to pay dues to vendors

Bapun Raz

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State-run companies— Bharat Sanchar Nigam Limited (BSNL) and Bharat Broadband Network Limited (BBNL) have finally started to clear their outstanding to vendors and contractors for the mega BharatNet-II program following the release of Rs 1,500 crore worth of capital by the Department of Telecommunications (DoT).

The Universal Service Obligation Fund (USOF), a Rs 50,000 crore strong reserve has released Rs 750 crore each to BSNL and BBNL, to make payments to their vendor-partners for deploying the fibre-based network.

DoT clears Rs 1,500 crore to BSNL, BBNL to pay dues to vendors - ET Government
 

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With the merger of BBNL and BSNL, the USO Fund which currently stands at close to Rs 60,000 crore is likely to go to BSNL and help the state-run telco come out of its cash crunch.

 
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