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BharatNet to be wound up. Work to be transfered to BSNL

BharatNet to be wound up. Work to be transfered to BSNL: The government is considering winding up the Bharat Broadband Network (BBNL), which was set up nearly a decade ago as a special purpose company to connect every gramme panchayats with high-speed optic fibre, and allocating its job to state-owned telecom provider BSNL, according to sources. Bharat Broadband Network Limited is a Special Purpose Vehicle set up under the Companies Act by the Government of India with an authorized capital of Rs. 1000 Cr. It has been mandated to create the National      Read More