NEW DELHI: India plans to merge loss-making state telecom providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, giving employees the option to retire voluntarily, the communications minister said on Wednesday.
The two carriers have struggled to win customers at a time Reliance Industries' telecoms' upstart Jio and rivals Bharti Airtel and Vodafone Idea have rolled out 4G services and cut prices on voice and data."Neither BSNL-MTNL is being closed, nor is being disinvested, nor is being hived to any third party," minister Ravi Shankar Prasad told a news conference to announce a plan to resuscitate the two companies.
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