The government is yet to decide on BSNL's request for the allocation of spectrum for 4G services through an equity infusion.
BSNL, which has the lowest debt of Rs 14,000 crore among all telecom operators, has sought 4G spectrum across India through equity infusion of Rs 7,000 crore.
Congress' attack came over a media report which claimed that in order to better the financial condition of BSNL its board has approved several proposals, including VRS for 54,000 employees.
Anupam Shrivastava's assertion comes amidst a media report that said the PSU was planning to axe 54,000 employees.
BSNL had already sent a proposal requesting 5MHz of 4G Spectrum on the 2100MHz band, worth Rs 13,500 crore.
The estimated cost of the spectrum is Rs 13,885 crore and BSNL proposes 50 per cent payment to be done upfront and the remaining in 10 equal instalments.
'BSNL has already invoked a bank guarantee of around Rs 100 crore submitted by RCom for default on payments.'
BSNL uses 60 per cent of its revenue in paying its employee’s salaries which has severely hit the company’s profit margins even as its market share has fallen drastically over the years.
Lenders of RCom said that it will lead to outgo of public money for settling payment of a private party.
The telecom company on Friday also announced a free voice call on its 'Wings' mobile app and free broadband services for a period of 30 days to attract new customers.
The situation is similar for MTNL employees.
Both the telecom companies are likely to undergo restructuring.
Both state-run telecom firms have been raising demands for 4G spectrum allocation, especially since competing in the ultra-competitive sector without 4G capabilities is difficult.
The employees have condemned the Central government’s move of not allocating 4G spectrums to BSNL for strengthening its viability.
While the DoT plans for allocating 5 Mhz of 4G spectrum to BSNL shortly on 2100 Mhz band, it has asked the PSU to submit a plan of action on the 4G service.