Bharat Sanchar Nigam (BSNL) reportedly hopes to firms up its plan to wipe out Rs 120bn losses over the next three years on the back of a series of revival measures being initiated now.
Rakesh K Upadhyay, chairman and managing director, BSNL was quoted as saying "The key revival measures include obtaining a refund of Rs 6,000 crore from the government by surrendering broadband wireless access (BWA) spectrum and offering voluntary retirement scheme (VRS) to around 1 lakh employees that could result in around Rs 2,400 crore of savings per annum."
According to reports, developing on commercial scale in prime locations spread across the country through public private partnership model and improving the revenues and profits through value-added services are the other measures included.
The charges of spectrum charges has brought the telco down and made a serious dent in our cash reserves, added reports.