Cabinet approves BSNL-BBNL merger; Revival package worth Rs 1.64 trillion also approved for BSNL

The union cabinet has approved the merger of Bharat Broadband Net­work Limited (BBNL) and Bharat Sanchar Nigam Limited (BSNL) to ex­pa­nd BSNL’s fibre reach. Additionally, the cabinet has approved a Rs 1.64 trillion revival package for BSNL to improve the quality of its services and de-stress its balance sheet. The package will include cash support of Rs 439.64 billion and non-cash support of Rs 1.2 trillion.