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

[Bapun]

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

 

[OnlyTech]

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.

BBNL to be merged with BSNL this fiscal, merger subject to cabinet approval

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.

onlytech.com