BSNL-MTNL merger may be completed in 24 months: Prasad

During the instance of MTNL, 13,532 staff members have chosen for the VRS plot thus considerably.

The two debt-ridden businesses have rolled a voluntary retirement scheme (VRS), that will be available to get staff members until December 3.
Last 30 days, the federal govt had awarded nod into the merger of both the two loss-making telecom corporations and also declared that a R S 69,000-crore resurrection bundle, for example compiling their resources giving VRS for staff members.
Within the instance of of BSNL, as numerous as 77,000 staff members of state-owned telecom organizations have chosen to its newly established VRS before now.
The federal government on Wednesday reported the merger of state-owned telecom organizations BSNL and MTNL will be inclined to be completed in 18-24 months.  "The Cabinet in its meeting held on October 2 3, 20-19, accredited the resurrection arrange for BSNL and MTNL that inter alia incorporates inprinciple endorsement for exports of BSNL and MTNL.  The procedure for merger is probably going to be accomplished in 18-24 months,''" Telecom Minister Ravi Shankar Prasad explained in a prepared response to some problem in the Lok Sabha.

BSNL-MTNL merger Could Possibly Be Performed Within 2-4 Weeks: Prasad

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