"A tripartite MoU was signed among ONGC, BSNL and MTNL on July 28 at ONGC Corporate Office for providing all telecom services such as basic telephones, mobile services, leased circuits including VSAT services to ONGC on pan India basis, including service areas of MTNL at Delhi and Mumbai," BSNL and MTNL said in a joint statement.
Financial and other details related to the deal was not disclosed.
"The MoU (Memorandum of Understanding) was signed by Shri Shashi Shankar, Director (T&FS) ONGC, Shri A. N. Rai, CMD BSNL and Shri A. K. Purwar, CMD MTNL for a period of five years up to March 2019," the statement said.