The Government of India (GOI) may not go ahead with the plan of merging BSNL and MTNL in the formal cabinet meeting of the Union Cabinet, according to a Business Standard report.
The cabinet is planning to have a meeting to take a decision about the merger but a group of ministers (GoM) have seen this as without benefits. They are supported by The Department of Telecommunications (DoT) in their opinion.
Six GoM members met Defence Minister Rajnath Singh last week. Finance Minister Nirmala Sitaraman, Home Minister Amit Shah, Telecom Minister Ravi Shankar Prasad, Petroleum and Natural Gas Minister Dharmendra Pradhan were part of the GoM against the merger. They are reportedly not willing to combine MTNL and BSNL to avoid diminishing the value of BSNL further.