MTNL
BSNL MTNL Asset Sale Earns Over Rs 10,000
One of the key strategies the government identified to support BSNL and MTNL asset monetization. Both state-run telecom operators had a mix of core and non-core assets that were not being fully utilized. As part of the 2019 relief package, the government directed these telcos to sell underutilized assets to raise funds. While the pace […]
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Cabinet Clears ₹6,000 Crore Boost for BSNL & MTNL’s 4G Expansion
The Union Cabinet has approved a ₹6,000 crore financial package to accelerate the 4G network expansion of BSNL and MTNL, according to a report. This funding will help both state-owned telecom companies strengthen and expand their network infrastructure. The allocated funds will be used to enhance 4G coverage across the country, ensuring better connectivity for […]
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MTNL Shares Price Surge 19% as Government Approves ₹16,000 Crore Asset Monetization
Shares of state-owned telecom provider Mahanagar Telephone Nigam Ltd (MTNL) surged 19.2% on Wednesday, closing at ₹56.8 on the Bombay Stock Exchange (BSE). The rally followed reports confirming government approval for the monetization of MTNL’s assets worth ₹16,000 crore, a move aimed at easing its heavy debt burden and supporting operational restructuring. According to […]
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PCPSPS Urges Comprehensive Revival Plan for BSNL and MTNL
The Peoples’ Commission on Public Sector and Services (PCPSPS) has expressed concern over the Central government’s “misguided” approach toward public sector telecom companies, BSNL and MTNL, accusing it of weakening them “financially, technically, and organizationally.” The commission, comprising renowned academics, jurists, former administrators, trade unionists, and social activists, has called for a comprehensive revival plan […]
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MTNL’s Financial Struggles Makes Investors Worry
MTNL is currently burdened by a significant debt load of ₹32,000 crore, which includes ₹8,000 crore in loans from major banks such as SBI, Punjab National Bank, Union Bank of India, Bank of India, Punjab & Sind Bank, and UCO Bank. The telecom operator has already defaulted on loan repayments amounting to ₹1,600 crore, reflecting […]
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What are Telcos Looking Forward in 2025?
As we usher in a new year, the Indian telecom industry stands at a pivotal moment of transformation. Operators are focusing on monetizing services to sustain investments in networks and technologies while delivering on their commitments to customers and investors. From 5G rollouts to AI-driven solutions, 2024 marked significant progress, setting the stage for 2025. […]
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MTNL Partners with BSNL for Inter-Corporate Debt to Sustain Operations
The service agreement between Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL) aims to streamline operations and address MTNL’s financial distress. Under this arrangement, BSNL will provide inter-corporate debt (ICD) to MTNL for the maintenance of its assets. This partnership enables BSNL to manage MTNL’s telecom services in the Delhi and Mumbai […]
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MTNL Defaults on Rs 1,094 Crore Loan to Bank of India
Mahanagar Telecom Nigam Ltd. (MTNL) added slippages of Rs 1,094 crore to Bank of India’s results for the July-September quarter, leading the lender to make provisions of Rs 200 crore. Total slippages for the quarter reached Rs 2,546 crore, up from Rs 1,930 crore in the previous quarter. Besides MTNL, slippages included Rs 702 crore […]
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Government to Transfer 3,000 MTNL Employees to BSNL as Financial Crisis Deepens
With state-owned Mahanagar Telecom Nigam (MTNL) facing a financial crisis, the government has initiated steps to transfer over 3,000 employees to Bharat Sanchar Nigam (BSNL) and the Department of Telecommunications (DoT). Officials familiar with the matter have also indicated that the government is considering offering employees a voluntary retirement scheme (VRS). The move aims to […]
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BSNL Emerges as the Only Telecom Operator to Gain Users in July 2024 Amid Tariff Hikes
Bharat Sanchar Nigam Limited (BSNL), the struggling Indian telecom operator, was the only company to gain users in July 2024, while other major players such as MTNL, Airtel, Vodafone Idea (Vi), and Reliance Jio saw customer losses due to recent tariff hikes. BSNL added 2.97 million new customers, bucking the industry trend. Vodafone Idea’s CEO, […]
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