According to a proposal finalised by the department of telecommunications, about two-thirds of BSNL’s employees would be shifted to a newly created PSU, the National Optic Fibre Authority (Nofa).
The proposed company Nofa would have the mandate to lay optic fibre across the country and then lease that network to telecom firms for providing broadband services. The government would set up the authority to lay over 12 lakh km of optic fibre throughout the country, spending around Rs 40,000 crore.
Bharat Sanchar Nigam Ltd (BSNL) now has over 3 lakh employees.
BSNL is planning to transfer around 2 lakh employees to the proposed National Optic Fibre Authority.
This proposal is part of the initiatives to come up with IPO on the stock exchanges. [source]