The Secretary of DoT had submitted to the panel that monetisation of land assets had been a problem last year.
According to the report, BSNL’s expenditure has fallen from Rs 34,400 crore per annum to Rs 24,687 crore per annum mainly due to savings in wages.
A sovereign guarantee of Rs 15,000 crore had also been extended to the telcos and both have raised funds from the market in order to restructure high-cost debt.
Bharti Airtel beat Reliance Jio in terms of new subscriber additions—a key metric for the intensely competitive but highly saturated mobile telephone sector.
The committee was informed by the communications ministry that 'revival plan' prepared by consultant Deloitte has been considered by the MTNL Board in their meeting in March 2017.