BSNL achieves revenue of Rs 6,500 crore from enterprise business

BSNL has achieved revenues of Rs 6,500 crore from enterprise segment during the fiscal 2018-19, PTI reported.
BSNL did not reveal the total revenue during the last fiscal. BSNL’s majority revenue comes from mobile business and fixed line telephony.

BSNL had 114.342 million mobile phone users on its 2G and 3G networks, according to the latest telecom statistics available from TRAI. But BSNL’s 56.35 percent of mobile phone customers are active on the network, indicating that the company is running a financially non-viable business at present.

BSNL had 11.438 million fixed phone customers. BSNL had 9.17 million wired broadband customers and 11.64 million mobile Internet customers in 2018.

“We have collected Rs 6,500 crore from enterprise segment for 2018-19. This is highest ever that BSNL has collected with 91 enterprise making payment. On average, annual collection used to be from 50-60 enterprises,” BSNL CMD Anupam Shrivastava said.

BSNL said the company is in a comfortable position to disburse salary to its employees. BSNL has seen revenue stabilising in other segments as well.

BSNL claimed that its consumer and mobility segment revenue has stabilised and noted an increase in revenue.

Department of Public Enterprise has declared that BSNL has net worth of Rs 83,000 crore. “If we start working on asset monetisation, we will be able to resolve most of our issues,” Anupam Shrivastava said.

BSNL has the lowest debt of Rs 14,000 crore among all telecom operators. BSNL does not reveal its Capex in the last few years.

BSNL has sought 4G spectrum across India through equity infusion of Rs 7,000 crore. The total spectrum will cost the firm Rs 14,000 crore. BSNL is seeking 4G spectrum at a time when global telecom operators are looking for their 5G business.