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Page 2 - Bsnl-mtnl Merger

BSNL cleared Rs 1,700 cr in dues to vendors; paid November salaries: CMD

Overall, the outstanding to creditors is Rs 10,000 crore, CMD P K Purwar added

BSNL cleared Rs 1,700 cr in dues to vendors; paid November salaries: CMD
Updated On : 30 Dec 2019 | 3:55 PM IST

BSNL aims to save Rs 1,300 cr in FY20 after VRS becomes effective: CMD

On merger with MTNL, Purwar said discussions have started and boards of both the companies have met on a common platform

BSNL aims to save Rs 1,300 cr in FY20 after VRS becomes effective: CMD
Updated On : 17 Dec 2019 | 5:02 PM IST

MTNL seeks shareholders' nod to raise funds, monetise land and holdings

The government recently approved a Rs 69,000-crore revival package for BSNL and MTNL that includes merging the two loss-making firms

MTNL seeks shareholders' nod to raise funds, monetise land and holdings
Updated On : 11 Dec 2019 | 10:20 PM IST

Rescuing India's PSU behemoths coming at the cost of fiscal restraint

Modi has received more than $28 billion from state firms since he came to power in 2014, by extracting dividends or getting PSUs to buy out the government's stake

Rescuing India's PSU behemoths coming at the cost of fiscal restraint
Updated On : 04 Dec 2019 | 8:02 PM IST

BSNL-MTNL merger to be completed in 18-24 months, says Ravi Shankar Prasad

While in the case of MTNL, 13,532 employees have opted for the VRS scheme so far

BSNL-MTNL merger to be completed in 18-24 months, says Ravi Shankar Prasad
Updated On : 20 Nov 2019 | 7:43 PM IST

After BSNL, MTNL's VRS gets strong response, 13,500 staffers opt for scheme

MTNL has reported losses in nine of the past 10 years

After BSNL, MTNL's VRS gets strong response, 13,500 staffers opt for scheme
Updated On : 20 Nov 2019 | 3:59 PM IST

Trying to address some of BSNL's legacy issues through VRS, says CMD Purwar

For any organisation that is too big, becoming an outcome-oriented organisation is challenging, says BSNL CMD

Trying to address some of BSNL's legacy issues through VRS, says CMD Purwar
Updated On : 08 Nov 2019 | 1:45 AM IST

Sale of Rs 37,500 crore worth of BSNL, MTNL assets hits ownership hurdle

Sources said there was a one-month lag in salary payments of BSNL employees and two months for MTNL staff

Sale of Rs 37,500 crore worth of BSNL, MTNL assets hits ownership hurdle
Updated On : 05 Nov 2019 | 2:24 AM IST

BSNL, MTNL vendors mull insolvency action against telcos over pending dues

The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL

BSNL, MTNL vendors mull insolvency action against telcos over pending dues
Updated On : 04 Nov 2019 | 8:38 PM IST

Employee unions of BSNL, MTNL meet Prasad, back govt's relief plan

The two firms will monetise assets worth Rs 37,500 crore in the next three years

Employee unions of BSNL, MTNL meet Prasad, back govt's relief plan
Updated On : 04 Nov 2019 | 8:32 PM IST

Best of BS Opinion: BSNL-MTNL merger, Delhi's pollution menace, and more

Here's a selection of Business Standard opinion pieces for the day

Best of BS Opinion: BSNL-MTNL merger, Delhi's pollution menace, and more
Updated On : 31 Oct 2019 | 6:30 AM IST

MTNL-BSNL merger: Limited spectrum to be a challenge for combined entity

BSNL has a nice piece of real estate in the 2500 band, but doesn't have the engineering capacity to farm the band

MTNL-BSNL merger: Limited spectrum to be a challenge for combined entity
Updated On : 29 Oct 2019 | 10:52 PM IST

Letter to BS: Govt must clearly state its intent behind BSNL-MTNL merger

Some balance, without burdening tax payers, is welcome

Letter to BS: Govt must clearly state its intent behind BSNL-MTNL merger
Updated On : 27 Oct 2019 | 9:32 PM IST

BSNL is poised to flourish after govt's Rs 70,000-crore revival package

If it can get its act together - and cut the flabby workforce - the opportunities for growth are huge

BSNL is poised to flourish after govt's Rs 70,000-crore revival package
Updated On : 25 Oct 2019 | 11:19 PM IST

BSNL, MTNL to spend Rs 11,000 cr to build infrastructure for 4G services

The government, on Wednesday, announced a relief package for the two beleaguered companies

BSNL, MTNL to spend Rs 11,000 cr to build infrastructure for 4G services
Updated On : 24 Oct 2019 | 10:38 PM IST

Letter to BS: BSNL, MTNL merger will prove to be important in the long-term

The entire exercise for installing a model commercial entity, with many differing components of finance, HR, marketing would need a lead minister and a capable team to shape a progressive company

Letter to BS: BSNL, MTNL merger will prove to be important in the long-term
Updated On : 24 Oct 2019 | 8:41 PM IST

MTNL jumps 5% as Cabinet approves merger with BSNL

Briefing the media after the decision, Telecom Minister Ravi Shankar Prasad categorically said the government was neither closing down, nor divesting its stake in, BSNL and MTNL.

MTNL jumps 5% as Cabinet approves merger with BSNL
Updated On : 24 Oct 2019 | 11:08 AM IST

Top 10 biz headlines: BSNL-MTNL merger, HCL Tech Q2 result, and more

From government announcing the merger of BSNL and MTNL to HCL Tech Q2 net income rising 4.4%, here are the top 10 business headlines on Thursday

Top 10 biz headlines: BSNL-MTNL merger, HCL Tech Q2 result, and more
Updated On : 24 Oct 2019 | 7:22 AM IST

Govt approves BSNL-MTNL merger, clears Rs 70,000-crore relief package

The relief package includes a sovereign bond issue worth Rs 15,000 crore

Govt approves BSNL-MTNL merger, clears Rs 70,000-crore relief package
Updated On : 24 Oct 2019 | 1:21 AM IST

Too little, too late? Merger unlikely to revive BSNL and MTNL, say analysts

Proposed measure might create some competition for private players and contain state-owned telcos' operational costs

Too little, too late? Merger unlikely to revive BSNL and MTNL, say analysts
Updated On : 24 Oct 2019 | 12:33 AM IST