BSNL: a blackhole for taxpayers' money
The Government recently announced a revival package of INR 89,000 CRORE to keep the lights on at BSNL so that it can get 4G/5G allocation. This is the third package in the last 5 years taking the accumulated amount spent by the Government to 3.3 LAKH CRORE. That’s a lot of money.Is it worth investing or should I say pouring such a vast amount of money into a failing telecom operator? Or should the Government think of shutting it down OR selling it? Is this the best use of taxpayers’ money?We spoke about this & more in this episode.Stocks discussed: RELIANCE, BHARTIARTL, IDEA.I wrote an article doing a deep dive into BSNL here.