India to merge two state-owned telecom firms

The Indian government has thrown a lifeline to two ailing state-owned telecom firms, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited. It has approved the merger of the two entities and proposed a revival package of 687.51 billion rupees (US$9.71 billion), which also includes 4G spectrum allocation and a voluntary retirement scheme. BSNL’s […]