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Chakri K April 10th, 2019 4:41 PM 2 COMMENTS

BSNL, MTNL Asset Monetisation to Service Debt and Fund Voluntary Retirement Scheme: Government

The proceeds of monetisation of assets of the state-run telecom majors BSNL and MTNL will be used to service the debt of these public sector undertakings, (PSUs) and fund the voluntary retirement scheme (VRS), as per a decision of the government. This was decided at last week's meeting of the Prime Minister's Office (PMO) and the Department of Telecom (DoT) chaired by the PMO Principal Secretary Nripendra Mishra on the... Read More

Sneha Bhardwaj April 4th, 2019 12:29 PM 0 COMMENTS

BSNL Voluntary Retirement Scheme: DoT to Seek Approval from EC Before Moving to Cabinet

The telecom ministry will seek approval from the Election Commission to move its Cabinet proposal to offer voluntary retirement scheme for MTNL and BSNL employees, a government official said Wednesday. The Department of Telecom (DoT) is preparing a Cabinet note recommending the voluntary retirement scheme (VRS) for BSNL and MTNL employees above 50 years of age. "The DoT is preparing a Cabinet note for seeking its approval to grant VRS... Read More

Chakri K March 27th, 2019 8:16 PM 32 COMMENTS

BSNL and MTNL Merger Will Bring Back Financial Health for the Companies: Report

Benoy CS, Director at Frost & Sullivan, Digital Transformation Practice has remarked that the merger of MTNL and BSNL, the two telecom companies of government, will be a good deal for all the stakeholders of the entities. He also highlighted that the merger of these two companies is something inevitable as the telecom industry is undergoing a rapid transformation. The executive also said that Reliance Jio’s introduction of cheap tariff... Read More

Chakri K February 21st, 2019 9:22 PM 0 COMMENTS

BSNL and MTNL Asked to Explain the Turnaround Strategy by DCC for Financial Support

The Digital Communications Commission (DCC) on Thursday asked loss-making telecom PSUs BSNL and MTNL to explain their turnaround strategy and give an assurance to achieve higher revenue for getting financial support, an official said. Public sector firms BSNL and MTNL have sought financial support, 4G spectrum and approvals for asset sales as part of their revival plans. "DCC members wanted to know what is the revival plan, when will these... Read More

Sneha Bhardwaj February 11th, 2019 2:55 PM 0 COMMENTS

MTNL Approaches DoT Seeking Claims of About Rs 500 Crore

Cash-strapped MTNL has approached the Telecom Department seeking claims of about Rs 500 crore, under multiple heads, including the rendering of communications services and reimbursement of employees-related payments made, according to a source. A source in the Department of Telecom (DoT) said that the claims are spread over the last many years and that the request is currently under examination. "MTNL has raised claims dating back to the year 2000-01... Read More

Chakri K December 25th, 2018 5:25 PM 23 COMMENTS

New Prepaid Users of MTNL to Get Free Data for 60 Days as Part of Christmas Offer

Mahanagar Telephone Nigam Limited (MTNL) which has operations in Delhi and Mumbai telecom circles has rolled out a new offer as part of Christmas and New Year. Under the offer, new prepaid customers of MTNL will get unlimited data at free of cost for a period of 60 days from the date of activating the mobile number. Notably, this offer from MTNL is valid in both Mumbai and Delhi circles.... Read More

Sneha Bhardwaj December 12th, 2018 6:57 PM 21 COMMENTS

Cutthroat Tariff War and Lack of 4G Services Hurting MTNL: Government

The government on Wednesday said legacy staff cost, cutthroat tariff war, and absence of 4G services are some of the major reasons for losses at state-owned telecom firm MTNL. Telecom Minister Manoj Sinha informed the Lok Sabha that the Department of Telecom had received revival plan of MTNL, which has been declared 'Incipient Sick', as per the Department of Public Enterprises guidelines. Mahanagar Telephone Nigam Limited (MTNL) currently has the... Read More

Arpit Sharma December 3rd, 2018 3:02 PM 26 COMMENTS

MTNL Should Merge With BSNL Based on a Special Purpose Vehicle: MTNL Chairman

The government led debt-ridden telecom operator, Mahanagar Telephone Nigam Limited (MTNL), which operates in Delhi and Mumbai circles has urged the government to package a Special Purpose Vehicle (SPV) so that the Rs 20,000 crore debts and assets including 1,100 towers, lands and buildings are deleveraged to correct the financials of the company. MTNL has also talked to the government about a merger with BSNL so that the telco will... Read More

Chakri K October 19th, 2018 5:19 PM 4 COMMENTS

Telecom Department Asks State-Run MTNL to Reveal Long-Term Roadmap as Part of Revival Talks

State-run telecom service provider, Mahanagar Telecom Nigam Limited (MTNL) is already conducting its revival talks with the DoT. As part of the talks, the Department of Telecommunications has asked MTNL to draft a long-term roadmap on how the telco is planning to sustain the competitive Indian telecom market. All the top private telcos- Airtel, Vodafone Idea and Reliance Jio have a pan-India footprint, but MTNL is providing services in just... Read More

Chakri K October 12th, 2018 5:40 PM 0 COMMENTS

MTNL to Raise Authorised Share Capital by 10 Times to Rs 10,000 Crore

Mahanagar Telephone Nigam Limited (MTNL) today confirmed that it received approvals from shareholders to its proposals of raising authorised share capital to Rs 10,000 crore, which is over 12 times. At the same time, MTNL said that it would raise the borrowing limit by around 38% to Rs 25,000 crore. "To increase the authorised share capital of the company from Rs 800 crore to Rs 10,000 crore, a total of... Read More

Arpit Sharma October 10th, 2018 6:04 PM 0 COMMENTS

MTNL to Release Tender for Equipment as Telco Ramps Up Plans of 4G Launch

Mahanagar Telephone Nigam Limited (MTNL), the government led telco which is running operations in Delhi and Mumbai plans to roll out 4G services with the help of Rs 6,292 crore capital issuance from the government. For the rollout of 4th generation network services, the telco will also soon release a tender for searching a vendor partner. MTNL has planned that it would relay its 4G services in the 1800 Mhz... Read More

Chakri K September 30th, 2018 6:20 PM 12 COMMENTS

BSNL 4G: DoT Planning to Approach Cabinet for Spectrum Allocation in November

It is already a known news that the Department of Telecommunications (DoT) has accepted BSNL and MTNL's proposal for acquiring 4G airwaves. According to the latest information, the DoT will likely approach Union Cabinet in the next two months for the allocation of 4G spectrum to both the government-owned firms. "The draft Cabinet note is expected to be ready in mid-October after which it will be floated for inter-ministerial consultation.... Read More