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MTNL DEBT
MTNL bank loan default reaches Rs 8,659 crore in JulyMahanagar Telephone Nigam Limited faces financial strain. The telecom company defaulted on loan repayments. The amount is 86.59 billion rup...- MTNL defaults on Rs 5,726 cr loans; total debt at Rs 32,097 crMTNL, the state-owned telecom company, has defaulted on a payment of Rs 5,726.29 crore owed to various banks. The company's total debt has ...
- Govt steps in to pay interest on MTNL bondMTNL informed investors that its debt obligations for the upcoming semi-annual interest payment on its 7.80% bond have been made for Series...
- Rescue package on the cards for MTNL, RINL; committee to take final call on servicing MTNL debt of nearly Rs 8,000 crThe government is considering bailout plans for MTNL and RINL, with discussions involving the finance ministry. A committee will decide on ...
- ‘Navratna’ MTNL offers to pay 40% dues; PSU banks hang upSeveral lenders have classified loans to Mahanagar Telephone Nigam (MTNL) as non-performing assets, leading the state-run telecom utility t...
- Union Bank freezes accounts of state-run telecom firm MTNL over non-payment of duesAccording to the details shared by MTNL, it has defaulted on the payment of Rs 155.76 crore on debt raised from Union Bank of India, Rs 140...
- MTNL seeks Rs 1,151.65 cr for sovereign guarantee bonds interest this fiscalDebt-ridden state telecom firm MTNL has requested ₹1,151.65 crore for interest payments on sovereign guarantee bonds for the current fiscal...
- Centre to pick up bond dues tab for MTNLThe government will pay MTNL bond interest, preventing a sovereign default after MTNL failed to deposit in an escrow account. Borrowers wil...
- MTNL gets shareholders' nod to raise Rs 17,571 crore via bonds, borrow Rs 35,000 crore from banksAccording to the report, 99.85 per cent shareholders voted in favour of the resolution to "offer or invite subscriptions for government gua...
- No plans to privatise MTNL: Minister Devusinh ChauhanThe government approved the revival plan for Bharat Sanchar Nigam Limited (BSNL) and MTNL in October 2019 in which an in-principle nod for ...
- Government defers proposal to merge BSNL, MTNL due to financial reasonsBSNL Chairman and managing director PK Purwar, who also heads MTNL, has submitted before a Parliamentary panel that the Department of Telec...
- MTNL approaches govt for allotment of 4G spectrumThe state-owned corporation is seeking 4G radiowaves in both Delhi and Mumbai service areas where it operates.
- MTNL revival plan on, DoT panel meeting regularly: CMDIn September last, DoT constituted an internal panel to carve out a future path for the debt-laden Mahanagar Telephone Nigam Ltd (MTNL).
- DoT panel studying Deloitte report on MTNL revival: Manoj SinhaA household telephony brand in the 90s and early 2000, MTNL has been making losses since 2009-10 after it was asked to pay Rs 11,000 crore ...
- Merger with BSNL desirable for strong pan-India play: MTNL CMDBSNL and MTNL had a market share of about 9 per cent of the total wireless subscriber base of 1.12 billion, as of December 31, as per telec...
- BSNL, MTNL merger to help both firms: BSNL CMD Anupam ShrivastavaThe Standing Committee on Information Technology last week had said: "On the plan for merger of BSNL and MTNL, the same would be taken to C...
- MTNL borrowing money to meet day to day requirement: Manoj SinhaMTNL is borrowing money to meet its day-to-day requirement," Sinha said in a written reply to the Rajya Sabha.
- BSNL debt liability at Rs 7,666 crore, MTNL's at Rs 13,529.62 croreTelecom Minister Ravi Shankar Prasad in a written reply to Lok Sabha said that BSNL's debt is mainly due to its capital expenditure require...
- BSNL, MTNL merger decision in 4-5 monthsThe department of telecommunication in September 2014 had set a deadline of July 31, 2015 for closing the merger of MTNL and BSNL.
- Debt management: DoT may offer Rs 11,000 crore loan to address BSNL’s concernsDoT’s plans to deal with MTNL’s debt come at a time when the govt is weighing the pros and cons of delisting MTNL and merging it into unlis...
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