BSNL says Voluntary Retirement Scheme will save it ?600cr per month. Airtel nearly doubles its minimum recharge plan.
State-run telco BSNL will reportedly be able to save up to ?600cr per month following the roll-out of its Voluntary Retirement Scheme (VRS) for employees in November 2019. More than 78,000 staff opted for the scheme (1L were eligible, out of the telco's total staff strength of c. 1.5L).
Apart from the money the crisis-hit telco will be able to save on salary payments, BSNL is also reportedly planning to monetise the company's land assets which are estimated to be worth about ?73,000 crore to turn the loss-making telco profitable. Firstpost
Price Up: Bharti Airtel has increased its minimum recharge validity plan from ?23 to ?45, a 95% increase. The new base price will be effective from December 29.
This move is indicative of the fact that India's second-largest telco is not hesitant to raise tariffs for consumers to improve its revenue and its balance sheets. Meanwhile, Reliance Jio's minimum recharge plan stands at ?75 and for Vodafone Idea it is ?23. ET Telecom News
How well do you know the top news of the last week? Have a go at our TheWeekThatWas Quiz and test your wits.