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BSNL, MTNL to be Merged

Published on October 24, 2019
Current context: The government has approved the merger of loss-making PSUs BSNL (Bharat Sanchar Nigam Limited) and MTNL (Mahanagar Telephone Nigam Limited) to revive their growth.
BSNL, MTNL to be Merged 
  • As per the merger, MTNL will act as a subsidiary of BSNL (both together holds 14% market share in mobile business in India).
  • The revival package of Rs 70,000 crore includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees.
  • The government will also put Rs 29,937 crore to the telecom companies and will raise Rs 15,000 crore through Sovereign Bonds.
  • The government will also allocate 4G spectrum to BSNL and MTNL and will allocated at 2016 price.
  • BSNL had an estimated loss of Rs 13,804 crore in 2018-19 and MTNL losses pegged to Rs 3,400 crore in 2018-19.

Question: 

Q.1 The government has recently approved the merger of which two telecom companies?
a. BSNL and Airtel
b. MTNL and Jio
c. BSNL and MTNL
d. MTNL and Jio
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