India announces $20.5 billion package to revive state telco BSNL

A woman speaks on her mobile phone in front of the logo of Bharat Sanchar Nigam Ltd (BSNL) painted on a wall outside its office in Kolkata

NEW DELHI (Reuters) - India's telecoms minister on Wednesday announced a $20.5 billion package to revive state-run telecom provider Bharat Sanchar Nigam (BSNL), in a move to help the loss-making firm compete better with private rivals.

The firm has struggled to win customers as Reliance Industries' telecoms arm Jio and rivals Bharti Airtel and Vodafone Idea have rolled out 4G services and aggressively cut data prices.

(Reporting by Munsif Vengattil in New Delhi; editing by Jason Neely)

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