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BSNL says it will not be closed down

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BSNLChennai, July 2 (IANS) Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company.

In a statement issued here, the company said: “There is no proposal to close down BSNL as wrongly reported in a section of the press. Due to stiff competition and the lowering of tariff, BSNL is facing a funds crisis for the last few months.”

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According to the statement, the Central government is actively preparing a revival plan for BSNL for approval by the Cabinet.

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