"This position may be conveyed to all the stakeholders of BSNL," the letter read. Blaming the "fiercest competition" for BSNL's current weak financial position, Gupta said, adding: "The predatory tariff offerings by the competitors led to sharp decline in the revenue from services." According to him, the telecom sector has been facing fiercest competition and no other sector has faced such an unprecedented competition in recent times. Despite experiencing the pressure of competition on its revenues, he said BSNL had been able to sustain its customer base. Saddled with 1.76 lakh employees, mostly from the government, 55% of the BSNL's revenues is consumed by salaries.

Source: Mint May 17, 2019 04:41 UTC