Total debt on major telcos hits Rs 4.09 L Cr in FY24; BSNL debt lowest at Rs 23,297 Cr
BSNL had a debt of Rs 40,400 crore in FY22, which was reduced to Rs 28,092 crore with the help of a revival package and financial support from the government.
The total debt on four major telecom operators in the country stood at Rs 4,09,905 crore in the financial year 2024, with state-owned BSNL recording the lowest debt among competitors at Rs 23,297 crore, the Parliament was informed on Wednesday.
According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in a written reply to the Lok Sabha, Vodafone Idea registered a debt of Rs 2.07 lakh crore, while Bharti Airtel recorded Rs 1.25 lakh crore and Jio Infocomm recorded Rs 52,740 crore in debt as of March 31, 2024.
BSNL had a debt of Rs 40,400 crore in FY22, which was reduced to Rs 28,092 crore with the help of a revival package and financial support from the government.
"In 2019, the first revival package amounting to around Rs 69 thousand crores was given that brought down the operating costs of BSNL/MTNL. In 2022, a revival package amounting to around Rs 1.64 Lakh crore was given. It focused on infusing fresh capital, restructuring debt, viability gap funding for rural telephony etc," Sekhar said.
The minister also said that the government approved the allotment of 4G/5G spectrum to BSNL with a total outlay of around Rs 89,000 crore.
"As a result of these packages, BSNL has started earning operating profits from FY 2020-21," Sekhar said.
Edited by Jyoti Narayan