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Mumbai: A senior officer of Mahanagar Telephone Nigam Limited (MTNL), Mumbai, committed suicide by hanging himself from the ceiling fan of a hotel room on Wednesday.
Mumbai, A senior officer of Mahanagar Telephone Nigam Ltd (MTNL), Mumbai, allegedly committed suicide by hanging himself from the ceiling fan of a hotel room here, police said today.
Mumbai: A senior officer of Mahanagar Telephone Nigam Ltd (MTNL), Mumbai, allegedly committed suicide by hanging himself from the ceiling fan of a hotel room here, police said today.
New Delhi : The Department of Telecommunications has set up a committee to study the recommendations of a Deloitte report which has suggested the merger of Mahanagar Telephone Nigam Ltd with Bharat Sanchar Nigam Ltd, MTNL CMD, P K Purwar told reporters on Wednesday.
Consulting firm Deloitte has submitted its report on restructuring and revival of debt- laden MTNL, and a panel has been set up in the Telecom Department to study it, Telecom Minister Manoj Sinha said. A household telephony brand in the 90s and early 2000, Mahanagar Telephone Nigam Ltd (MTNL) has been making losses since 2009-10 after it was asked to pay Rs 11,000 crore for mobile airwaves, and incurred additional expenses on account of second wage revision leading to payouts to employees.
State-owned telecom corporation Mahanagar Telephone Nigam Ltd (MTNL) on Monday said it expects to repay about Rs 125 crore of debt before June-end. The debt-laden company - which offers landline and mobile telephony services in Delhi and Mumbai areas - said it will be able to make the repayment due to "one of the public sector banks", a few days before the June-30 deadline. "About Rs 125 crore is due for repayment, which we will be paying three days before the deadline.
Idea Cellular today said at the IMG meeting that it supports lower data prices but the government policy framework should allow operators to recover their network costs.
Four major lenders, including SBI and HDFC Bank, today voiced concerns over "stress" in the telecom sector and flagged possibility of defaults by debt- laden operators at a meeting with an inter-ministerial group.
MTNL seeks government’s help in making Rs 8,000-10,000 crore capital available citing telecom tariff war being fought by private operators.
State-owned BSNL on Tuesday asked the government to allot it the prized 700 MHz spectrum via equity route and sought moratorium on payment of licence fee for revenue earned from government projects.
New Delhi, New and old telecom operators were again at each other’s throats today with Reliance Jio accusing incumbents of milking the sector using borrowed money while the older players blamed free voice and data offering by the Mukesh Ambani firm for financial woes of the sector.
Mukesh Ambani-owned Reliance Jio on Monday said telcos not investing in new technology and instead leveraging their balance sheet are themselves to blame for financial difficulties. Newcomer Reliance Jio, which met the Interministerial Group (IMG) on Monday said operators need to raise funds by selling stake or invest in new technology through internal accruals. "Operators (excluding Jio) need to invest Rs 1,25,000 crore, payback debt and they need to invest in technology, as growth is happening in data.
Key benchmark indices settled with small gains after a lacklustre session of trade as most global stocks rose after the surprise UK general election result left the country facing a “hung parliament,” where no single party has a majority. The barometer index, the S&P BSE Sensex rose 48.70 points or 0.16% to settle at 31,262.06. The Nifty 50 index gained 21 points or 0.22% to settle at 9,668.25.
After repeatedly running into losses, the state-owned Mahanagar Telephone Nigam (MTNL) has made a pitch to the Department of Telecommunication to monetise its real estate properties in the costly cities of Delhi and Mumbai.
Mahanagar Telephone Nigam (MTNL) fell over 3 percent intraday on Wednesday as investors turned wary post its Q4 results.
MTNL posted Rs634.8 crore loss in the fourth quarter of FY17 a net profit of Rs188.64 crore in the fourth quarter of FY16
The share of corporate debt under stress rose during the first half of 2016-17, after improving in 2015-16.
The merger of BSNL and MTNL is "desirable" for operational synergy and even the fiercely- competitive telecom market necessitates such a combination for a stronger pan-India play, a top MTNL official has said.
The merger of BSNL and MTNL is "desirable" for operational synergy and even the fiercely- competitive telecom market necessitates such a combination for a stronger pan-India play, a top MTNL official has said. The comment comes amid what seems to be a renewed push for BSNL-MTNL merger with a Parliamentary panel report recently noting that the Telecom Department plans to place the merger proposal before the Cabinet by June.
Mahanagar Telephone Nigam Ltd (MTNL) is eyeing to convert approximately 40% of its fixed line users into broadband subscribers over next 18 months, as part of a plan to expand revenues and retain customers.