Financial Insights

TCS receives order worth Rs 550 crore from BSNL

Bharat Sanchar Nigam Limited (BSNL) has given a contract worth Rs 550 crores to TCS to set up 6000 4G sites all over India.

“The telecom PSU plans to install about 1.12 lakh sites across the country for rolling out its fourth-generation network services”, telecom minister Ashwini Vaishnaw told the Lok Sabha on Wednesday.

“I am happy to inform you that the 4G telecom network is ready for roll out soon and it is developed in India by Indian engineers and scientists. Our development of 4G network is being appreciated worldwide and it has a core network, radio network with full telecom equipment,” Mr. Vaishnaw had said recently.

The 4G network of BSNL was delayed for two years as the company has had several obstacles in its path. In 2020, the company faced an allegation of having particularly restrictive conditions which was met with an order by the government to only utilize Indian equipment to assist local providers.

Following this order, the company floated an EoI from which TCS was shortlisted to take field trials in Ambala and Chandigarh. The PSU telecos have been losing market share consistently as both BSNL and MTNL hold 10.24% together.

BSNL will be the first company to use all Indian equipment to launch its sites. The private companies have a huge market share and a greater lead against PSU so it will be interesting to watch BSNL’s strategy to compete against them.

Highlight by Aman Agarwal.

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