Economic Times
CHENNAI: The government is drawing up plans to make loss-making BSNL more professional, Minister of State for IT and Telecommunications Sachin Pilot said today.
"Yes...think few (telecom) circles have shown some reversal in loss making. We still have lot of hard work ahead of us. We are drawing up plans on how to use our assets, to get more partnerships and to get joint ventures and (come into) revenue streams," he told reporters here.
Observing that the "landline" (fixed line) business was not generating enough profits, he said, "(besides that) we have a huge employee base and the Sixth Pay Commission burden is also on the department (of Telecom) and BSNL."
"We are looking at ways to mitigate the losses at the same time and turn the company (BSNL) more professional," he said.
State-run BSNL's losses had more than tripled to about Rs Rs 5,997 crore during 2010-11, mainly due to hefty outgo for employees' salary and expenses borne by the PSU for procuring 3G and BWA spectrum.
The company had registered a net loss of Rs 1,823 crore during 2009-10.
According to the unaudited results of the company, the loss for 2010-11 is Rs 5,997 crore.
This resulted in loss of other income of close to Rs 4,000 crore during the year gone by. BSNL had demanded refund of this money but denied by the Finance Ministry.
CHENNAI: The government is drawing up plans to make loss-making BSNL more professional, Minister of State for IT and Telecommunications Sachin Pilot said today.
"Yes...think few (telecom) circles have shown some reversal in loss making. We still have lot of hard work ahead of us. We are drawing up plans on how to use our assets, to get more partnerships and to get joint ventures and (come into) revenue streams," he told reporters here.
Observing that the "landline" (fixed line) business was not generating enough profits, he said, "(besides that) we have a huge employee base and the Sixth Pay Commission burden is also on the department (of Telecom) and BSNL."
"We are looking at ways to mitigate the losses at the same time and turn the company (BSNL) more professional," he said.
State-run BSNL's losses had more than tripled to about Rs Rs 5,997 crore during 2010-11, mainly due to hefty outgo for employees' salary and expenses borne by the PSU for procuring 3G and BWA spectrum.
The company had registered a net loss of Rs 1,823 crore during 2009-10.
According to the unaudited results of the company, the loss for 2010-11 is Rs 5,997 crore.
This resulted in loss of other income of close to Rs 4,000 crore during the year gone by. BSNL had demanded refund of this money but denied by the Finance Ministry.
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