Latest BSNL bailout worth US$20 billion

The Indian government has approved a US$20 billion turnaround package for state-owned operator BSNL which includes a merger with Bharat Broadband Nigam Limited.
The revival plan, announced by the Union Cabinet this week, comes after well over a decade of debate over the future of the telco. BSNL, or Bharat Sanchar Nigam Ltd, to give it its full title, has for years struggled to keep pace with its privately-owned rivals, triggering endless discussion over its ability to continue as a standalone p