STOCK MARKET BSE NSE

BSNL says it will not be closed down

According to the statement, the Central government is actively preparing a revival plan for BSNL for approval by the Cabinet.

Published: 02nd July 2019 03:52 PM  |   Last Updated: 02nd July 2019 03:52 PM   |  A+A-

BSNL

For representational purposes (Express Illustrations)

By IANS

CHENNAI: Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company.

In a statement issued here, the company said: "There is no proposal to close down BSNL as wrongly reported in a section of the press. Due to stiff competition and the lowering of tariff, BSNL is facing a funds crisis for the last few months."

ALSO READ: Centre says it will set right financial mess in BSNL

According to the statement, the Central government is actively preparing a revival plan for BSNL for approval by the Cabinet.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp