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Tanuja K February 6th, 2025 12:00 PM 0 COMMENTS

Center Aims to Raise Rs 16000 Crore through BSNL/MTNL Assets Sale: Report

The central government is looking to raise around Rs 16,000 crore by selling land assets owned by BSNL and MTNL. Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) are two state-run telecom companies struggling to compete with the private players. The proposal to do this has been cleared by Department of Public Enterprises and National Land Monetization Corporation (NLMC). The revival plan is being overseen by a... Read More

Tanuja K October 25th, 2024 2:50 PM 19 COMMENTS

MTNL to Not Get any Fresh Funds from Govt Anymore: Report

Mahanagar Telephone Nigam Limited (MTNL) is not going to be closed right now, but it won't even get any fresh funds from the government. The central government, which owns a majority stake in the publicly listed telecom operator wants the company to clear all the dues. There are dues pending till 2034 amounting to Rs 32,000 crore. The plan is to make the company clear all the dues, and then... Read More

Tanuja K September 23rd, 2024 4:06 PM 1 COMMENTS

MTNL Employees Could be Moved to BSNL, DoT: Report

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company that operates in Mumbai and New Delhi is expected to see some downsizing in the employee force. The government is reportedly planning to send 3000 employees from MTNL to BSNL (Bharat Sanchar Nigam Limited) and the Department of Telecommunications (DoT). Alongside this, the government is also planning to offer VRS (voluntary retirement scheme) to employees. Read More - BSNL was the Only... Read More

Tanuja K August 30th, 2024 3:42 PM 2 COMMENTS

MTNL Accounts Frozen by Union Bank of India over Non-Payment of Dues: Report

State-run telecom operator MTNL's (Mahanagar Telephone Nigam Limited) bank accounts have been frozen by the Union Bank of India. The move from Union Bank is due to non-payment of dues by MTNL. Much recently, MTNL sought government's help to pay interest on bond dues. The state-run telco's financial situation is extremely poor due to a diminishing business. MTNL said, "This is to inform you that Union Bank of India vide... Read More

Tanay Singh Thakur August 6th, 2024 12:45 PM 0 COMMENTS

MTNL Defaults on Rs 422 Crore Loan Towards Banks

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, has defaulted on the payment of a Rs 422 crore loan towards several banks. The company announced this in a regulatory filing on Monday. The Rs 422 crore contains Rs 328.75 crore as instalment on a principal amount and the remaining Rs 93.3 crore is towards interest on debt for June and July 2024. MTNL has also shared the amount that... Read More

Tanuja K July 15th, 2024 4:14 PM 0 COMMENTS

MTNL Bond Dues will Likely be Paid by Indian Govt: Report

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom operator in India, last week expressed its inability to pay the interest dues on bonds. The telecom operator has been struggling to grow its business and it is no surprise that it is not in a position to pay off bond dues. However, a report from the Business Standard suggests that the government will likely pay the dues on behalf of MTNL.... Read More

Tanuja K May 29th, 2024 1:53 PM 1 COMMENTS

BSNL and MTNL to Prioritise Govt Departments for Selling Land: Report

Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) are prioritising the government departments or bodies for selling land parcels. For the unaware, the government asked BSNL and MTNL to sell land and property assets which are not being utilised. The target is to generate Rs 20,000 crore, as a part of the revival package. The time frame for this is 4 to 5 years. According to an... Read More

Tanay Singh Thakur September 26th, 2023 11:12 AM 0 COMMENTS

MTNL Looking to Raise Rs 3126 Crore via Govt Guaranteed Bond

Mahanagar Telephone Nigam Limited (MTNL) is eyeing to raise Rs 3126 crore via bond. The state-run telecom company will raise this fund with the help of debt bonds that are guaranteed by the government. This was offered to MTNL as a part of the relief package that the center had announced earlier. Through the Rs 1.64 lakh crore revival package, the government offered BSNL and MTNL support for capex, financial... Read More

Tanay Singh Thakur September 2nd, 2023 3:35 PM 1 COMMENTS

BSNL, MTNL Sign MoU to Optimise Operations

Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) have signed a memorandum of understanding (MoU) to optimise operations. While both the government-run entities, they operate differently and in different cities. It is worth noting that BSNL already took over the responsibility of handling the mobile network services of MTNL in Mumbai and Delhi. According to an exchange filing from MTNL, the signed MoU is to bring synergy... Read More

Tanuja K August 3rd, 2023 10:51 AM 6 COMMENTS

BSNL, MTNL Lost Subscribers Because of No 4G: MoS for Communications

Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) lost subscribers in the last 3 years because of no 4G. This was said by Devusinh Chauhan, minister of state for communications. In a written reply to the Lok Sabha, Chauhan said because of "stiff competition" in the industry and a lack of 4G, BSNL and MTNL lost subscribers in the past three years. As per a PTI report,... Read More

Tanay Singh Thakur November 15th, 2022 1:01 PM 0 COMMENTS

MTNL Revenue Declines, Loss Widens in Q2 FY23

MTNL (Mahanagar Telephone Nigam Limited), a state-run telecom operator in India, has posted a loss of Rs 737 crore for the quarter ending September 2022. In Q2 FY23, the loss is bigger than in the same period last year. Back in Q2 FY22, MTNL registered a loss of Rs 653.21 crore. Not only has the loss widened, but the revenues also fell for the operator. According to a PTI report,... Read More

Tanay Singh Thakur November 1st, 2022 1:31 PM 0 COMMENTS

BSNL and MTNL to Raise $2.34 Billion

Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) are gearing up to raise about $2.34 billion. According to a Reuters report, both the state-run telcos are planning to raise funds through government-guaranteed bonds. Here, MTNL wants to raise about Rs 109.10 billion and is set to seek bids next week. MTNL will meet bankers and investors on Tuesday, the report said, quoting three merchant bankers aware of... Read More