BSNL rents out office premises for revenues |
It has signed up with SBI and IOB for renting out its premises to set up 25 ATMs each in Hyderabad |
BS Reporter / Chennai/ Hyderabad Jan 04, 2013, 00:13 IST |
|
Bharat Sanchar Nigam Limited (BSNL)’s office premises will soon be dotted with
ATMs
and commercial hoardings across Hyderabad and outside as the public
sector telecom company’s AP circle is trying to create a parallel
revenue stream by monetising its assets. “In Hyderabad, we have already
signed up with State Bank of India and
Indian Overseas Bank for renting out our premises to set up 25 ATMs each. Private banks like
HDFC and
Kotak Mahindra have also approached us for similar arrangement, which we are considering,” said
V Srinivasan, chief general manager of the AP circle.
The AP circle has made a headway in this respect after creating a
separate business vertical to generate revenues by renting out its
premises as well as telecom towers to private sector players. Srinivasan
believes mobilising additional revenues is the only way to come out of
the losses as the AP circle continues to face the dwindling landline
customer base as well as the huge employee costs.
Net losses incurred by the circle stood at Rs 600 crore
after earning Rs 2,200 crore revenues last year. With 27,000 employees,
most of whom were recruited for landline services, it stands as the
largest among all the telecom circles in India.
“Yet, the AP circle was among the only three circles to have shown
over 3 per cent growth in revenues in the first half of the current
financial year. We hope to continue this performance if not better it
for the full year,” he said.
The AP circle’s landline customer base has come down to 1.8 million
this year from 1.9 million last year even as its 9 million mobile phone
subscriber base is expected to surpass the revenues of its landline
business first time in the current year, according to Srinivasan. The
company has been able to hold on to the landline customers by offering
add-on broadband connectivity besides holding periodic ‘Reconnection
Melas’ to get back the estranged customers. During the last four such
reconnection melas starting July, 2011, the company was able to achieve
220,000 reconnections, which form 10 per cent of the total
disconnections, besides collecting Rs 15 crore in bill dues and some new
subscriber base, according to him.
BSNL launched yet another round of this reconnection drive in the state from Thursday.