IPO In BSNL Opposed by UNIONS-information

http://www.bsnlnewsbyashokhindocha.blogspot.com/ M-9426201999
JOIINT FORUM OF BSNL ASSOCIIATIIONS // UNIIONS OF EXECUTIIVES &
NON--EXECUTIIVES
D--7,, Tellegraph Pllace,, New Dellhii -- 110001
PRESS RELEASE 08..01..2010
BSNL UNIIONS OPPOSE IIPO IIN BSNL
The Joiintt Forrum off BSNL Associiattiions // Uniions off Executtiives and Non--Executtiives exprresses iitts
sttrrong prrottestt att tthe rreporrtted move off tthe goverrnmentt tto diisiinvestt BSNL.. Thiis iis compllettelly agaiinstt
tthe wrriitttten assurrances giiven tto tthe emplloyees and ttheiirr uniions tthatt BSNL wiillll nott be diisiinvestted orr
prriivattiized.. The prresentt move iis iin viiollattiion off tthe saiid agrreementt..
BSNL iis a behemotth PSU wiitth an assett off morre tthan Rs.. 400,,00,,000//-- ((Fourr Hundrred llakh crrorre))
wiitth morre tthan tthiirrtty tthousand offffiices // exchanges wiitth llakhs off acrres off lland iin tthe centterr off ttowns
wiitth iinvalluablle iinffrrasttrructturre iinsttalllled durriing tthe llastt so many decades.. The prriivatte ttellcos and biig
busiiness arre ttrryiing tto hiijjack tthese assetts grradualllly tthrrough diisiinvesttmentt,, IIPOs ettc.. as was done iin
tthe case off Viidesh Sancharr Niigam Lttd..((VSNL)) whiich was handed overr tto M//S.. Tatta fforr a pallttrry sum
off Rs.. 1320//-- crrorre,, whiich had assetts morre tthan Rs.. 10,,000 crrorre and lliiquiid cash off Rs.. 1,,200 crrorre..
Morre tthan 45% off sharres off MTNL arre allrready diisiinvestted and iitt may be prriivattiized att any movementt
as done iin tthe case VSNL..
Diisiinvesttmentt // IIPO iis tthe ffiirrstt sttep tto prriivattiizattiion,, whiich iis tthe polliicy off tthe goverrnmentt.. IItt was onlly
because off BSNL & MTNL tthatt tthe ttellecom charrges have come down.. The diisappearrance off PSUs iin
ttellecom secttorr wiillll rresulltt iin iincrreased charrges as iin fforreiign counttrriies.. The emplloyees iin BSNL werre
goverrnmentt serrvantts and have llostt many off ttheiirr rriightts & prriiviilleges iin PSUs.. IIff prriivattiizattiion ttakes
pllace tthey wiillll llose ttheiirr pensiion and ottherr beneffiitts whiich tthey werre haviing as goverrnmentt serrvantts..
Liisttiing has beneffiitted neiittherr VSNL norr MTNL,, whiich werre // arre tthe ottherr govtt.. owned ttellecom
companiies.. Neiittherr wiillll iitt beneffiitt BSNL orr tthe peoplle.. IImprroviing tthe ffiinanciiall viiabiilliitty and serrviices iis
tthe iimmediiatte ttask.. IItt iis onlly due tto tthe diiscrriimiinattorry attttiittude and polliicy off goverrnmentt tto BSNL and
MTNL comparred wiitth prriivatte companiies tthatt tthe ffiinanciiall viiabiilliitty off BSNL // MTNL has gone down..
Assurrances giiven on Liicense Fee rreiimburrsementt,, ADC ettc.. have been wiitthdrrawn by goverrnmentt.. IItt
iis makiing allll obsttaclles tto prrocurrementt off 93 miilllliion mobiille lliines by BSNL rresullttiing iin capaciitty
crrunch due tto whiich iitt has no lliines tto prroviide tto tthe needy publliic..
IImmediiatte ttask off tthe goverrnmentt iis tto cllearr tthe 93 miilllliion ttenderr,, ffiinalliizattiion off absorrpttiion off IITS
offffiicerrs who arre sttiillll on deputtattiion tto BSNL fforr tthe llastt 9 yearrs,, grrantt off exempttiion ffrrom lliicense ffee,,
diiviidend ttaxes ettc.. Diisiinvesttmentt // IIPO wiillll onlly crreatte ffurrttherr hurrdlles iin tthe grrowtth off BSNL.. The
Joiintt Forrum wiillll meett on 11th Januarry 2010 tto diiscuss tthe iissues and pllan iitts acttiion prrogrramme..
V..A..N..Namboodiirii,,
Convener,, Joiintt Forum
Mob :: 9868231431

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