MTNL Aiming to Roll Out 4G Services in 9-12 Months After the Hike of Borrowed Limit
Mahanagar Telephone Nigam Limited (MTNL) is planning to seek approval for raising its authorised share capital to Rs 10,000 crore. The government-owned entity also plans to borrow powers by almost 40%, which will aid the telco's 4G plans and provide it with the firepower to compete in the market. MTNL has been struggling a lot in recent times, especially after the entry of Reliance Jio to the Indian market. Also,... Read More