DoT Approached By BSNL For Recovery Of Outstanding Dues From Aircel

DoT Approached By BSNL For Recovery Of Outstanding Dues From Aircel

The Communications Ministry has been approached by state-owned BSNL (Bharat Sanchar Nigam Ltd) for revival of its remaining dues from the bothered telecom company Aircel—that has filed recently for liquidation.

DoT Approached By BSNL For Recovery Of Outstanding Dues From Aircel

In a correspondence to DoT, the telecom PSU, has also mentioned it is finding new alternatives, comprising legal remedies for revival of its residual dues of around Rs 42 Crore. ” With respect to revival of remaining dues, the company could revive Rs 32 Crore from BG (bank guarantees) and residual will be gained back after settlement of few other BGs held by the Indian Government or by held by us or via legal procedure,” said Anupam Shrivastava, the BSNL Managing Director and Chairman.

In its letter to the DoT, BSNL said that after Dishnet Wireless and Aircel filed for liquidation, BSNL had shifted quickly to get back the remaining sums via follow-ups and calling upon accessible BG provided by them.

The remaining dues associated with several arrangements like interoperator settlements such as tower sharing, intra-circle roaming pacts, and call connect usage charges. BSNL has stated that while it has been capable of reviving Rs 32.2 Crore, the total remaining sum now is Rs 42 Crore up to March 28, 2018.

In February, Aircel declared that it has filed for liquidation. The telecom operator had mentioned that extreme competition after the troublesome entrance of a new rival, regulatory and legal hurdles, high unsustainable debt level, and elevated losses had collectively resulted in considerable “negative reputational and business influence” on the firm.

Shrivastava mentioned that the firm has been capable to move in around 35 Lakh Aircel consumers. According to the most recent report, BSNL, as on January 31, held 9.40% stake of mobile services market and included 3.96 Lakh users during that month.

The losses of the corporation during 2016–17 mark at Rs 4,793 Crore, less than in 2015–16, Rs 4,859 Crore and in 2014–15, Rs 8,235 Crore.

Sam Robertson

Sam is a post-graduate in Computer science and has an immense interest in following technology developments. Quite by nature, he is an football And chess player. He is responsible for handling the office staff writers and providing them with the latest updates happenings in the world of technology.

Related Articles

Leave a Reply

Close