BSNL says it will not be closed down

Chidambaram told the court that he was not aware of the changes made through these provisions earlier. When he examined the matter, he noted that it could be misused and therefore he approached the court.

Chennai, 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.”

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

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