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MTNL DEFAULT
MTNL fails to deposit interest on sovereign guarantee bonds in escrow accountAs per the structured payment mechanism of Tri-Partite Agreement (TPA) signed among MTNL, the Department of Telecommunications (DoT), Beaco...- 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 bond repayment due on August 24MTNL has once again failed to repay its bond payment due on August 24, citing insufficient funds in its escrow account. Despite the default...
- MTNL defaults on bond repayment due on August 24MTNL has once again failed to repay its bond payment due on August 24, citing insufficient funds in its escrow account. The telecom firm wa...
- ET Graphics: MTNL’s debt crisis deepens despite revival effortsBurdened by operational challenges and shrinking market share, Mahanagar Telephone Nigam (MTNL) has defaulted on loans amounting to Rs 8,58...
- MTNL defaults on ₹8,585 crore principal and interest dues to 7 PSU banks as of June 2025Telecom operator MTNL has defaulted on payments of ₹8,585 crore to several public sector banks, including Union Bank of India and Bank of I...
- Cabinet secretary to hold meeting next week on MTNL revivalCabinet Secretary TV Somanathan will convene a meeting next week to address the financial woes of MTNL, which faces significant loan defaul...
- MTNL defaults on interest payment for sovereign guarantee-backed Rs 6,100 cr bondsDebt-ridden state-owned telecom operator MTNL has failed to make interest payments of sovereign guarantee-backed Rs 6,100 crore bonds as pe...
- Plan to raise Rs 16,000 cr from sale of MTNL, BSNL assets in last lapThe finance ministry plans to raise ₹16,000 crore by selling assets of MTNL and BSNL. Approved by NLMC and the Department of Public Enterpr...
- MTNL shares rally 19% as government clears Rs 16,000 crore asset monetizationMTNL share price: MTNL has been grappling with a growing debt burden. As of August 30, 2024, the company's total debt amounted to Rs 31,944...
- MTNL shares rally over 13% after clarification on bond paymentMTNL shares jumped nearly 14% after the company confirmed the government would honor bond payments following a default. Due to insufficient...
- 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 ...
- MTNL defaults on Rs 1,000 crore loan, Bank of India makes provisionBank of India has set aside Rs 200 crore after MTNL, a government-owned telecom company, defaulted on a Rs 1,000 crore loan. MTNL's financi...
- 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...
- 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 defaults on Rs 422 crore bank loan paymentsState-owned telecom company MTNL defaulted on bank loan payments of Rs 422.05 crore, including Rs 328.75 crore on the principal and Rs 93.3...
- There will be no default on MTNL bond dues: Telecom Minister ScindiaThe Indian government has assured there will be no default on MTNL's bond dues as its operations transfer to BSNL. Telecom Minister Jyotira...
- 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 fails to pay Rs 35.15 crore interest to Union Bank of IndiaMTNL has reported a narrowing of consolidated loss to Rs 653 crore in the June 2022 quarter. It had posted a loss of Rs 688.69 crore in the...
- BSNL, MTNL still to recover Rs 6,215 crore from customersGovernment offices and public representatives owe Rs 19 crore to MTNL, which provides services in Delhi and Mumbai circles.
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