Shri Manoj Sinha, MoSC, in an interview to Business Line on April 24th :
Q: What is your blueprint for revival of BSNL? Also, what about MTNL?
A: BSNL turned into red in 2008, but improved during our government. It registered operating profit for three years. However, with the entry of new players, charges for both voice and data came down drastically and there was impact on BSNL too. Whatever is being alleged by the Congress and appeared in media are not true. Our ministry has drawn up a blueprint for the revival of BSNL and a Cabinet note has also been put up. If the Election Commission approves it, then it can be considered by the Cabinet.
When you talk about MTNL, the UPA government forced MTNL to get the spectrum forcibly, which was financed by bank loans. Now the interest alone has brought MTNL into deep problems. We are examining if MTNL’s assets can be monetised. We have a revival plan for both the telcos and as soon as the Election Commission gives its nod, we can announce the package. I can assure you that we are committed to revive both the telecos. Don’t forget that we managed to turn ITI into black after 17-18 years of losses. I must tell you that it is just a temporary phase for BSNL and MTNL.