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MTNL FINANCIAL STRUGGLE
MTNL approves reduction in employee cost by offering Voluntary Retirement SchemeMahanagar Telephone Nigam has approved a Voluntary Retirement Scheme (VRS) aimed at reducing employee costs, modeled substantially on the G...- 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 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...
- PSUs fizzle out over unrealistic valuations, sluggish earningsNineteen out of 64 non-banking stocks have plunged between 40% and 55% from their yearly highs, while another 28 have declined by 30% to 40...
- Do what is expected of you or pack up, Telecom Minister Vaishnaw's ultimatum to BSNL employeesThe employees of the struggling telecom PSU BSNL received a stern message from telecom minister Ashwini Vaishnaw who asked them to shed the...
- 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, ...
- Govt against merging ailing Voda Idea with BSNL-MTNLThe government is against the merger of beleaguered Vodafone Idea with state-owned BSNL and MTNL, multiple sources have told TOI. The stand...
- ITS executives want govt to repatriate them from BSNL, MTNL“We want the government to repatriate 550 ITS officers currently being posted in the BSNL and MTNL, and have been offered a special volunta...
- Telecom infra expansion lags with bearish foreign lendersCOAI director general Mathews says funds for the sector from local banks have ‘more or less dried up’.
- 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.
- BSNL CMD: Likely to get nod soon to run MTNL’s mobile servicesBSNL will provide managed services to MTNL that include telecom equipment procurement and maintenance, technology and business advisory ser...
- Government plans free wi-fi in 2,500 cities, towns in mega internet pushThe government will roll out free high-speed wi-fi in 2,500 cities and towns across the country over three years and the programme, involvi...
- Twelve stocks in focus in Monday morning tradeIndian markets are expected to trade in a range. Here is a list of twelve stocks which are likely to be in focus today.
- BSNL-MTNL Merger: Department of Telecom weighing optionsDepartment of telecom may first delist MTNL or list BSNL and finalise a merger swap ratio based on the valuation of the two state-run telcos
- BSNL and MTNL to be merged by July 2015In a presentation to Prime Minister Narendra Modi, seen by ET, DoT said it expects to “secure Cabinet approval for the proposed BSNL-MTNL m...
- MTNL plans to raise up to Rs 10 bn via bondsOn Tuesday, MTNL collected about Rs 800 crore as against the proposed Rs 1,000 crore in a bond sale offering 9.61% annualised coupon for te...
- Telecom infrastructure spending to fall 26 per cent in 12th PlanOut of the reduced Rs 3,23,008 crore telecom infrastructure investment projection in the 12th Plan, 68 per cent is likely to come from priv...
- 4G: Cabinet clears over Rs 11,000 crore refund for BSNL, MTNL spectrumCabinet approved a refund of about Rs 11,258.48 crore for BWA spectrum surrendered by state-run MTNL and BSNL.
- MTNL to rejig marketing, customer care operations in Delhi & Mumbai to achieve 25% revenue jumpState-run Mahanagar Telephone Nigam Ltd (MTNL) is about to overhaul its marketing and customer care operations in Delhi and Mumbai.
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