'Stiff competition, high HR cost, hitting BSNL, MTNL'

New Delhi: Telecom Minister Ravi Shankar Prasad on Wednesday blamed stiff competition, high employee cost and no 4G services for the poor financial state of BSNL and MTNL. Absence of 4G services and high employee costs are hitting at the competitive strength of the public sector companies – Bharat Sanchar Nigam Limited (BSNL) and Mahanagar […]

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New Delhi: Telecom Minister Ravi Shankar Prasad on Wednesday blamed stiff competition, high employee cost and no 4G services for the poor financial state of BSNL and MTNL.

Absence of 4G services and high employee costs are hitting at the competitive strength of the public sector companies - Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telecom Nigam Limited (MTNL) - at a time when private carriers are offering data services at near to the ground tariffs, Communications and IT Minister Ravi Shankar Prasad said in Lok Sabha, while adding that proposals to revive the deeply-stressed companies was being prepared.