- Tag results for MTNL
Union minister Manoj Sinha said the government is also considering equipping MTNL and BSNL to start providing 4G services.
The merger in order to give them a “fighting chance” at survival -- a merged company is expected to give it the clout necessary to take on the might of private sector.
The committee was informed by the communications ministry that 'revival plan' prepared by consultant Deloitte has been considered by the MTNL Board in their meeting in March 2017.
Telecom regulator TRAI has directed Idea Cellular to deposit Rs 2.97 crore for over- charging its subscribers for making calls to BSNL and MTNL networks.
The company announced that customers buying its Rs 99 data coupons will get 1.5 GB data with a validity of 30 days against 500 MB earlier. Similarly Rs 19 coupon will now provide triple data at 750 MB
Though BSNL has seen improvement in its performance, MTNL's net loss for the year ended widened.
The debt laden company says it has up to Rs 5,000 crore worth of real estate that can be monetised readily.
The loss-making telecom corporation said it has lined up the financing for the project from banks.
A Parliamentary panel report has pointed out that the Telecom Department is planning to place the merger proposal before the Cabinet by June.
The Department of Telecom had informed the panel that both the public sector firms are in financial losses and are facing declining revenues from loss of market share and increasing expenditure.
Companies in which the Government of India has a stake of 51 per cent or more are classified as Central Public Sector Enterprises
Provisioning of this number will be mandatory for telecom operators and should be accessible for local and STD calling.