Union Cabinet approves revival package worth Rs 890.47 billion for BSNL

The Union Cabinethas approved the third revival package for Bharat Sanchar Nigam Limited with a total outlay of Rs 890.47 billion. It includes an allotment of 4G/5G spectrum for the telco through equity infusion. The authorised capital of the company will be increased from Rs 1.5 trillion to Rs 2.1 trillion.