The merger talks of state-owned Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) are back on the table, according to government sources.
Due to the poor financial health of the two state-owned PSUs, the government is looking at the proposal to merge the companies to have better synergy and efficiency.
BSNL has also asked for a bailout package of Rs 8600 crore over a period of two years to cover up its huge revenue deficit and declining market base.
Source bloombergutv
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