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MTNL REVIVAL PLAN
MTNL stock jumps 7% on reports that govt is looking to delist companyThe stock was last trading at Rs 22.30, up 2.76% from its previous close- Government may delist MTNL to merge with BSNL“Since MTNL is a listed company, the process takes time. The transaction advisor will have to go through the process related to the merger ...
- MTNL shares rally 11% on board nod to revival planAccording to the filing, BSNL will provide all telecom services in Delhi and Mumbai through leasing of operational assets or other appropri...
- 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...
- BSNL LoI given to 5 local telecom firms for participation in 4G tender: MoS TelecomAccording to a BSNL notice issued in January, the company had proposed to test the quality of Indian telecom equipment before letting them ...
- Government has no plan to close down BSNL, MTNL: DhotreThe revival plan includes reduction in employee costs through a voluntary retirement scheme (VRS) for the employees of age 50 years and abo...
- Govt seeks financial bids from property consultancy firms for monetising MTNL assetsDIPAM added that the consultancy firms empanelled will be required to prepare the 'Feasibility Report' in about three weeks for each of the...
- BSNL, MTNL won't be closed, efforts being made to revive them: Govt in Rajya SabhaTelecom Minister Ravi Shankar Prasad said as part of a revival plan for BSNL and MTNL, there will be optimal utilisation of land and other ...
- GoM constituted to expedite implementation of Rs 69,000 cr revival plan of BSNL, MTNL: SourcesA seven-member Group of Ministers has been constituted to fast-track & oversee implementation of the plan.
- MTNL seeks shareholders' nod for fundraising, monetisation of land & buildingsMTNL said the company's extraordinary general meeting will be held on January 8, 2020, in this regard.
- MTNL shares hit upper circuit on Rs 69,000 crore revival planProceeds of the sovereign bonds issue will be used to restructure debt and meet other expenses.
- DoT working on proposal for MTNL, BSNL merger; final call by Cabinet: SourceDistressed telecom PSUs MTNL and BSNL have been making losses and have faced challenges in clearing staff salaries in the recent past.
- Lack of 4G, staff costs slow down BSNL, MTNL in data race“Indian Institute of Management, Ahmedabad and Deloitte were engaged to facilitate the preparation of revival or restructuring plans for BS...
- MTNL remains relevant for telecom, its sustainability important for customers, market: CMDThe comment assumes significance as loss-making telecom PSUs MTNL and BSNL are saddled with massive debt and have faced problems in clearin...
- MTNL surges 19% on revival plan newsDCC has discussed the revival plan of the two telecom companies - MTNL and BSNL.
- 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).
- Government 'seriously looking' at revival plan for MTNLReplying to supplementaries in the Lok Sabha, Union minister Manoj Sinha said the government is also considering equipping MTNL and BSNL to...
- Parliamentary Panel for BSNL, MTNL merger to give them fighting chanceOne of the options entailed MTNL focusing on turnaround with support from the government and shareholders and seeking opportunities "to sel...
- No plan to disinvest in BSNL, MTNL: GovernmentGovernment today said there is no proposal to disinvest stake in BSNL and MTNL as part of their revival strategy.
- No plan to shut down MTNL: Ravi Shankar PrasadThe list of sick PSUs include MTNL, Air India and Hindustan Shipyard. The five PSUs to be closed down include three HMT units, Geete had sa...
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