TechnologyBSNL's loss increased to Rs 1,482 crore, revenue decreased in many circles.

BSNL’s loss increased to Rs 1,482 crore, revenue decreased in many circles.

The net loss of government telecom company Bharat Sanchar Nigam Limited (BSNL) in the second quarter increased to about Rs 1,482 crore compared to the previous quarter. The company’s loss in the April-June quarter was about Rs 1,470 crore. However, BSNL’s loss has declined on year-on-year basis. Its loss in the same period last year was Rs 2,033 crore.

According to a media report, the reasons behind the company’s increase in loss on quarter-on-quarter basis are increase in expenditure on advertising and marketing, payment of interconnect usage charges to other telecom companies, write-off of bad debts and increase in expenses. Can happen. BSNL’s revenue from operations declined 5.1 percent quarter-on-quarter to Rs 4,071 crore. However, the company’s revenue increased slightly to about Rs 8,360 crore in the half year ended September. In the second quarter, the revenue of 13 out of 32 circles of the company has decreased.

BSNL Chairman, PK Purwar has sent a letter to all circle heads asking them to improve the performance in the remaining period of the year. Apart from this, weak performing circles have been instructed to prepare a detailed plan. Recently the company had started 4G services. There is a plan to extend these services to the entire country by June next year. After this BSNL’s network will be upgraded to 5G.

5G services were started in the country last year. Private telecom companies have rapidly expanded the scope of their 5G networks. BSNL is finding it difficult to compete with private telecom companies. The central government had given a revival package of Rs 89,000 crore to BSNL a few months ago to start 4G and 5G services. In this regard, a statement issued by the Cabinet had said, “With this package, BSNL will move forward as a strong telecom service provider and will focus on providing connectivity in remote areas of the country.” The company’s loss in the last financial year increased to Rs 8,161 crore. It was Rs 6,982 crore in the previous financial year. The main reason for the increase in the company’s loss was the provision for Adjusted Gross Revenue (AGR) to be paid to the government.

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Telecom, Demand, BSNL, Revenue, Market, 4G, Subscribers, Marketing, Loss, Government, 5G, Services, Performance, Expenses, Upgrade

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