KIANEWS Nokia warns of shutdown of BSNL network - India
07. 08. 2020 Friday / By: Robert Denes / Industrial / Exact time: BST / Print this page
Have you heard that Nokia is threatening? Nokia says it is due to BSNL for its huge outstanding payments, and this will continue to increase on a monthly basis as each payment milestone expires.
Finnish telecoms giant Nokia has threatened to withdraw support to maintain BSNL’s network if charges of Rs 910 crore are not paid immediately. The company, which controls nearly 40% of BSNL’s network, has also warned of job losses as employees dedicated to the state-owned enterprise must be laid off.
“Given the COVID situation, we are now in a huge financial crisis and it would not be possible for Nokia to raise additional capital to maintain the installed equipment and thus continue to provide additional support, including AMC (Annual Maintenance Contract) services,” he said. in a Nokia report. letter to BSNL President and Managing Director PK Purwar, a copy of which has also been marked to Anshu Prakash, Telecommunications Secretary. Nokia says it is due to BSNL for its huge outstanding payments, and this will continue to increase on a monthly basis as each payment milestone expires. Currently, BSNL has a remaining Rs 910 loan credit, of which Rs 600 crore is expected to be disbursed from January 2020. “The non-payment by BSNL has adversely affected our cash flow and this is forcing us to take some significant cost-cutting measures to sustain the difficult times, including the elimination of our employees dedicated to the BSNL account,” Nokia said in the letter. a copy of which was seen by the Financial Express. He also stated that Nokia employs a large number of employees for BSNL and has been retained by the company for the past four months in order to support Prime Minister Narendra Modi’s guidance to support staff in the COVID crisis. “However, since BSNL is still the default, we are now forced to look for these opportunities,” Nokia added. The gearbox manufacturer stressed that the long-paid amounts result in significant financial...read more
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