Bsnl-mtnl Merger

Blocked Vodacom merger derails S African telcos M&A push: Analysts

Dominant companies like Vodacom and MTN say mergers would allow them to leverage existing networks as a springboard to extending and improving coverage

MTNL board approves 10-year service pact, share-sale proposal with BSNL

The MTNL board has approved a service agreement with BSNL for a period of ten years, and also a slew of other proposals, including share-sale in overseas subsidiary Mahanagar Telephone (Mauritius). The board, during its meeting, has also approved sale of shares of MTNL in MTNL STPI IT Services Ltd or MSITS, according to regulatory filing by MTNL. The board "accorded its approval to enter into a service agreement between BSNL and MTNL for a period of 10 years or unless it is revoked earlier by giving a notice of six months or extended by mutual consent between the parties, subject to approval of the said service agreement by Department of Telecom / Ministry of Company Affairs ," it said. It has also approved a proposal related to sale of shares of MTNL in Mahanagar Telephone (Mauritius) Ltd or MTML - an overseas wholly-owned subsidiary - in line with applicable Department of Investment and Public Asset Management (DIPAM) guidelines and other regulatory processes. The board has also

MTNL stock soars 19% as govt deposits Rs 92 cr to pay bond interest dues

In past four trading days, the stock has zoomed 50% on reports that the government was considering the option of handing over operations of telecom company to Bharat Sanchar Nigam Limited (BSNL).

MTNL stock hits 13-year high, up 31% in 4 days; check why

Reports claim that the government was considering the option of handing over operations of MTNL to BSNL through an agreement, instead of pursuing a merger route.

As MTNL fails to turn profitable, govt may shift ops to BSNL, says report

This is a departure from the govt's earlier plan of merging the two entities

Govt asks BSNL and MTNL to identify low-value assets for monetisation

According to a report, the govt has asked these firms to identify core and non-core assets with a value of up to Rs 10 crore that can be monetised

Govt to try merging BSNL & MTNL again, appoints Deloitte as advisor: Report

Given the complexity involved in the merger, it will take about two years to complete the whole process

Rs 1.64-trn revival package for BSNL comes too late in the day: Analysts

The government should have merged BSNL and MTNL, and then looked at such a move, says an analyst

Government defers proposal to merge BSNL, MTNL due to financial reasons

The government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons, Parliament was informed on Wednesday

Drop propsal to merge BSNL with MTNL, employees union urges PM Modi

BSNL Employees Union on Wednesday appealed to PM Modi to "drop proposal to merge MTNL with BSNL"

Disconnected lines

Public sector telcos continue to lose ground

DoT, Dipam lock horns over real estate asset valuation of BSNL-MTNL

It is learnt that the valuation done by the two companies is much higher than the one arrived at by the transaction advisors

Top headlines: BSNL-MTNL merger shelved, India Inc's big boys get bigger

Multinational companies operating in India and big domestic firms are grappling with an emerging challenge: How to deal with employees who refuse to take the Covid vaccine. Read top stories here

BSNL-MTNL merger shelved as GoM says not feasible; Cabinet to meet soon

Move to merge may erode BSNL value, say officials

MTNL may become BSNL's virtual network operator; DoT seeks nod from DCC

Services likely to be offered in Mumbai, New Delhi initially

BSNL, MTNL clinch Rs 15,000-cr sovereign guarantee; DEA sets stiff riders

For BSNL to be eligible for guarantee of Rs 8,500 crore, and MTNL to be eligible for guarantee of Rs 6,500 crore, the state-run telcos will have to pay a 1 per cent fee each.

Top headlines: Kirana shops beat online giants, milk demand down, and more

From New India Assurance to insure health workers, Centre disbursing first VRS package for BSNL, MTNL staff to challenges of e-commerce firms, Business Standard brings you top headlines of the day

BSNL, MTNL employees taking VRS need to wait till April for dues

This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year

After completion of VRS scheme, a leaner BSNL begins process to roll-out 4G

On October 25, the Centre approved a Rs 69,000 crore revival package for BSNL and MTNL

MTNL starts process to monetise assets worth Rs 23,000 cr through DIPAM

The company has received interest from 14,387 employees for the voluntary retirement scheme which Kumar expects will result in annual savings of Rs 1,700 crore for MTNL