The new entity will be open to acquiring equity in other telecommunication services companies and may also raise funds through strategic investments from financial institutions. Ghosh said BSNL had an all-India license for operating Internet services and the corporation would start services soon. Seth said We will not accept mediocrity anymore. There is no other option but to give an excellent performance. He said that the first step of the new board would to be formulating a strategy for the future growth of BSNL adding that a new project called the Sanchar Sagar has already been initiated up by the company to tackle the issue of bandwidth in the country.
Telecom is one of the few profitable government businesses.
The shaping of the BSNL had provoked a volley of protests from labor unions and a crippling telecom strike. Telephone users in India had been hit by a disruption of telecom services for more than two weeks, apparently due to a go-slow campagin by workers opposed to corporatisation. The disruption hit financial institutions, stock markets, companies, ministries and even law and order agencies. Corp. All Rights Reserved.