BSNL incur loss of 21% during 2008-09 (India)

www.WirelessFederation.com/news: BSNL, the state owned telco, has posted loss of nearly 21% in fiscal year of 2008-09. The revenues dipped to Rs.11,505 crore from Rs.14,499 crore the previous year.
The operator also saw a drop in number of BSNL landline connections. “The number of working BSNL landline telephone connections has reduced by 7.27 lakh during the last six months – from 297.03 lakh in November 2008 to 289.76 lakh in May 2009,” Minister of State for Communications and IT, Gurdas Kamat reportedly said.
Kamat said the main reason for the surrender of landline connections was the increasing usage of mobile phones.