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MTNL FINANCIAL DEBT
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...- ‘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 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...
- MTNL seeking Rs 1,151.65 cr for paying interest arising out of sovereign guaranteed bonds“MTNL has sought Rs 1,151.65 crore to meet the payment of interest on Sovereign Guarantee Bonds (SGBs) for Financial Year 2024-25,” Ministe...
- 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...
- 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...
- Why the government is against the merger of Vodafone Idea and BSNL -MTNLVodafone Idea's shareholders would be heavily diluted since the debt owed to the government is six times the (telco’s) current market-cap, ...
- GoM defers BSNL-MTNL merger; approves BSNL land sale to CBSE for Rs 64 croreThe group of ministers (GoM) has also approved the sale of 6,000 square metres of BSNL land in Noida to Central Board of Secondary Educatio...
- Budget 2020: BSNL, MTNL to get Rs 37,640 cr from govt in FY21The government will infuse Rs 14,115 crore in BSNL and Rs 6,295 crore in MTNL for 4G spectrum.
- DoT releasing Rs 1,021 crore towards salary dues of MTNL, BSNL staffThe Rs 1,000 crore amount granted by the govt would help the two telecom PSUs to clear their Feb wage bills.
- Cash-strapped MTNL going the Air India way?Once a Navratna company, MTNL now does not have money to pay November salaries to its 45,000 staffers.
- 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.
- 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 ...
- 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...
- BSNL, MTNL merger plan back on discussion tableBSNL is keen on picking up mobile operations of MTNL in Gurgaon, Noida and Faridabad, where it is already offering landline and broadband s...
- 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...
- 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...
- Government to invest Rs 39,458 crore in BSNL, MTNL in next five yearsBSNL and MTNL will get an investment of Rs 39,458 cr over next five years, as the government plans to bring the lossmaking units back on th...
- MTNL, BSNL face total debt of over Rs 21,000 croreIt was Rs 12,983 crore as of March 31, 2012, Parliament was informed today. For BSNL, it was Rs 3,335 crore, and MTNL — Rs 9,648 crore.
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