At present, a mobile device is considered one of the most essential items. In today’s digital age, the need for a mobile device is so great that it is impossible to live without it. Whether you are a common man, a special person, a rich person, or a poor person, no one can survive without it. Because of this societal demand, telecom companies continue to increase mobile recharge rates on a daily basis. Despite fierce competition in the market, the collusion among telecom companies is such that they collectively have a vested interest in exploiting their customers. In such a situation, the common people are the primary victims. Their dependence on mobile devices forces them to endure the capriciousness of private companies. In such a situation, they do not seem to get any relief from anywhere.
The government is going to take new initiatives
In light of the populace’s suffering, the national government is formulating a relief strategy. The administration has taken action that will definitely offer some relief in this regard. The article claims that MTNL and BSNL, two government-owned businesses, have inked a 10-year contract. Previous reports indicated that MTNL would lose ground to BSNL. MTNL has approved the service, which is a positive development. For the time being, though, the administration has suspended the arrangement. The government is currently studying the tax ramifications. Through this investigation, the government is collecting data on the deal’s total cost for all parties involved. The government does not want to burden these two companies.
BSNL is strengthening its network
However, MTNL already has a heavy debt load. MTNL’s debt amounts to approximately 32 thousand crores. With this agreement, BSNL wants MTNL to recover from its debt and return to the market as soon as possible. Speaking of BSNL, after Jio’s plans became expensive, crores of customers ported their numbers to BSNL in the hope of getting a cheap recharge. BSNL is working to strengthen its network so that customers can get better internet service. The notable development is that BSNL has initiated a trial of the 5G network. The market may soon see the launch of BSNL’s 5G service.
Private companies will have to reduce the cost of their plans
When it comes to the private network industry, companies such as Jio, Airtel, and Vodafone currently hold a dominant position. It goes without saying that these businesses will lose the most money following the introduction of BSNL’s 5G service. No doubt, a sizable number of consumers will go to BSNL because of its affordable plans. In order to keep their consumer base, private businesses will be under pressure to provide more economical policies.
