February 10th, 2015 12:28 AM 15 COMMENTS

MTNL and BSNL say no to upcoming spectrum auction

State-run telecom operators MTNL and BSNL have declared that they will not be participating in the upcoming spectrum auctions. MTNL and BSNL have said they have sufficient spectrum to carry on their services without disruption at the moment and see no immediate requirement for the same. The state-run operators had stayed away from November 2012, March 2013 and February 2014 spectrum auctions as well. Telecom minister Shri. Ravi Shankar Prasad... Read More

November 18th, 2014 9:48 PM 9 COMMENTS

MTNL raises Rs 1500 cr through 10 year Bonds, can this transform MTNL ?

MTNL has raised Rs 1,500 crore by selling bonds to institutional investors on Monday at 8.41 % annual rate and the funds would be used to repay debt. "We floated a Rs. 1,000 crore 10-year-bond issue, which was fully subscribed. We have received bids worth Rs. 1,500 crore from investors and we will retain the full amount using the green-shoe option," according to a report. However, the amount raised will be... Read More

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