MTNL

Shares of Reliance and Airtel are in focus amid the Starlink deal; while MTNL too was in limelight on land monetisation news. Here are the key levels to watch out on these 3 telecom stocks.

The uptick in the MTNL share price came after MTNL, along with BSNL, has generated Rs 12,984.86 crore from the monetisation of land, buildings, towers, and fibre since 2019

State-owned telecom firms BSNL and MTNL have earned a total of Rs 12,984.86 crore from monetisation of land, buildings, tower and fibre since 2019, Parliament was informed on Wednesday. According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in Lok Sabha, BSNL has earned Rs 2,387.82 crore and MTNL Rs 2,134.61 crore up to January 2025 from monetisation of lands and buildings. "BSNL and MTNL are monetising only those land and building assets which are not required for their own use in the foreseeable future and for which it has the rights to transfer the ownership," Sekhar said in a written reply. BSNL has earned Rs 8,204.18 crore and MTNL Rs 258.25 crore from monetisation of close assets comprising tower and fibre up to January 2025, as per the reply. "Monetisation of assets are being done as per approved policy of the Government and its impact on the PSUs are being monitored closely," Sekhar said.

In February, the Union Cabinet reportedly approved Rs 6,000 crore (Rs 60 billion) towards 4G network expansion of MTNL and BSNL

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Technical chart shows key resistance for the stock at Rs 61.70; break and sustained trade above the same can trigger a sharp rally at the MTNL counter.

If allowed, this would amount to default by central government, it says

Till 09:43 AM, average trading volume on the counter had jumped over three fold with a combined 21.17 million equity shares, representing 3.4 per cent of total equity of MTNL, changing hands

They have Rs 8,144 cr exposure to troubled telco

An escrow account is a secure account that holds funds or assets until certain conditions are met. The funds are then released to the beneficiary or recipient

Shares of Mahanagar Telephone Nigam Limited (MTNL) rallied up to 6.34 per cent at 58.49 per share on the BSE in Wednesday's intraday deals

Shares of state owned telecommunications company MTNL surged 13.68 per cent at Rs 61.89 a piece on the BSE in Thursday's intraday deals

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A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the aforementioned credit growth

State-owned telecom giant BSNL has added subscribers in every single month in the last quarter and its subscriber base has grown by 50-60 lakhs as it scripts a turnaround story after recording operating profit in the last two years, Communications Minister Jyotiraditya Scindia said Wednesday. Speaking at Express Adda, he said Bharat Sanchar Nigam Ltd (BSNL) is offering telephone services in remotest village and a network upgrade is improving its service. In June last year, the Union cabinet had approved an Rs 89,047 crore revival package for loss-making state-owned telecom operator deploy 4G and 5G services in a market dominated by private players. Debt-laden BSNL, grappling with poor infrastructure, had posted losses for the past 12 years. "In terms of financials, yes, BSNL was bleeding. But in the last 2 years, we have had a positive EBITDA. So we are not in the red on EBITDA," he said. While EBIDTA is positive, its bottomline was still in red. The minister did not say when the

The government plans to keep MTNL as a 'going concern' as the company going to NCLT will not set the right precedent for other PSU companies

MTNL and RINL aren't good stories, particularly when both lenders and investors are getting their appetite for the infrastructure sector back

With mounting debts and dwindling market share, the need for a decisive government strategy is urgent

MTNL share price: MTNL share price declined 7.5 per cent to Rs 48.2 per share on the BSE in Tuesday's intraday trade

Major telecom service providers in India Reliance Jio, Bharti Airtel appear to be prioritising 4G expansion over 5G