To strengthen India’s telecom infrastructure, the government has allocated ₹6,000 crore for BSNL and MTNL’s 4G expansion. This move aims to enhance network coverage and reduce reliance on foreign technology.
The Indian government has approved a ₹6,000 crore financial package to speed up the 4G network expansion of BSNL and MTNL. This funding will help set up around 1,00,000 new 4G sites, improving connectivity and mobile services across the country, especially in rural areas.
A key focus of this investment is using Indian-developed technology for 4G equipment. The government aims to reduce dependence on foreign vendors and strengthen India’s telecom sector by promoting self-reliant infrastructure development.
BSNL and MTNL have already received ₹3.22 lakh crore in revival packages since 2019, helping them achieve operating profits from FY21. This additional ₹6,000 crore will further improve their financial stability and help them compete better in the telecom industry.
Bharat Sanchar Nigam Limited (BSNL), a government-owned telecom company, was established in 2000 to expand and improve telecom services across India. It offers landline, broadband, fibre and mobile services, including 4G. BSNL plays a key role in connecting rural and remote areas, supporting India’s digital growth.
MTNL, is a government-owned telecom company established in 1986. It provides landline, broadband, 3G, VoIP and IPTV services in Mumbai, Delhi and Mauritius. Its name means “Big City Corporation,” and its motto translates to “If MTNL is there, everything is fine.”
As of February 10, 2025, at 2:50 PM, the shares of MTNL are trading at ₹54.04 per share, up 3.13% from the previous closing price. Over the last month, the stock has surged by 19.74% and over the last year it has increased by 5.32%. The stock’s 52-week high is ₹101.93 and its 52-week low is ₹31.20
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Published on: Feb 10, 2025, 4:28 PM IST
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