BSNL’s losses narrow to Rs 4,890 crore in April-Dec.

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State-run Bharat Sanchar Nigam Limited (BSNL), losses have narrowed to Rs 4,890 crore for the nine months ended December 31, 2016, from Rs 6,121 crore in the year-ago period.

Various measures are being implemented to increase the market share of BSNL in the country and bring down the losses.

BSNL has introduced many innovative customer friendly facility like launching  a prepaid mobile wallet “MobiCash” in association with the State Bank of India.

“The app will help the people to go cashless. Following demonetization, customers faced much difficulty. The app will help towards accomplishing the Digital India scheme,” said R Mani, chief general manager of the BSNL, Kerala circle during the official launch of the app at a press conference.

Users can make bank transactions and bill payments in a fast and easier manner with the wallet, which works both in smart and feature phones.

Bharat Sanchar Nigam Limited (BSNL) has slashed the rates by over half, offering a data speed of 100 MBPS for markets in Nagpur and Pune. This is equal to downloading a two-hour video in little less than three minutes.

The telecom company expects losses to come down for the full financial year as the fourth quarter is a seasonally  strong quarter.

The state-run telecom company posted a 5.8 per cent increase in income from services at Rs 19,379.6 crore during the period under review. The figure stood at Rs 18,314.9 crore in the same period of the previous year.

“Our revenue from services have risen by 5.8 per cent and the total income is up 7 per cent. It is a good sign,” BSNL Chairman and Managing Director Anupam Shrivastava told PTI.

The telecom company expects losses to come down for the full financial year as the fourth quarter is a seasonally strong quarter. “Our revenue from services have risen by 5.8% and the total income is up 7%. It is a good sign,” BSNL chairman and managing director Anupam Shrivastava said.

Communications Minister Manoj Sinha had informed Rajya Sabha in a written reply on December 9, 2016, that BSNL’s losses in the April-June quarter of FY17 stood at Rs 1,721 crore while total income was at Rs 7,331 crore.

 

Revenue from operations stood at Rs 7,183 crore during April-June quarter of 2016-17. BSNL’s revenue from operation has increased from Rs 26,153 crore in 2013-14 to Rs 27,242 crore in 2014-15, and to Rs 28,449 crore in 2015-16.