TechnologyBSNL preparing to raise Rs 24 billion from bonds, central government will...

BSNL preparing to raise Rs 24 billion from bonds, central government will give guarantee

State-owned telecom company Bharat Sanchar Nigam Limited (BSNL) plans to raise more than Rs 24 billion through 10-year bonds. These will be two separate bonds with a tenure of 10 years. Guarantee will be given for these by the Central Government. BSNL needs funds for expansion of 4G network.

A Reuters report states that BSNL has invited bids for these bonds. Rating agency Crisil has given AAA (CE) rating to these bonds. BSNL, which has been facing losses for the last few years, is finding it difficult to compete with private telecom companies. BSNL has commissioned around 3,500 4G Base Transceiver Stations (BTS) across multiple locations in the country. The company has set a target to launch 4G service across the country soon. Recently, CMD of BSNL, PK Purwar had said that these BTS are providing 4G service on trial and commercial basis. He had said, “Our 4G trial services have started. We have started 3,500 4G BTS and we plan to increase their number soon.” The company aims to launch its 5G network by the end of this year. Indigenous technology will be used for this. According to Telecom Regulatory Authority of India (TRAI) data, BSNL’s share in the telecom market was 7.94 percent at the end of December last year.

Recently BSNL had issued a tender worth about Rs 65,000 crore for the third phase of BharatNet project. This is part of a project worth approximately Rs 1.4 lakh crore. In this, internet connectivity will be provided to more than two lakh gram panchayats. Companies related to telecom equipment like Ericsson, TCS can bid in this tender.

The companies selected for this project will also have to operate the network in Gram Panchayats for 10 years. BSNL has invited bids for 16 states and union territories. These include Uttar Pradesh, Madhya Pradesh, Rajasthan, West Bengal, Punjab, Haryana, Kerala, West Bengal and Puducherry. Depending on the state for which the bid is being given in this tender, the minimum net worth of the company should be Rs 50-375 crore.

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Also read:
Telecom, Network, Demand, 4G, Market, Equipment, Tender, Bonds, Funding, Government, TCS, Expansion

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