The debt-laden company has to pay around Rs 11,000 crore for licence renewal and has written a series of letters to the DoT seeking a breather.
In a fiercely-competitive market can MTNL stay afloat or is it time we bid adieu to the public sector unit?
If the apex telecom panel allows the company to sell those land assets, MTNL would be able to slash its debt of Rs 20,000 crore
Bharat Sanchar Nigam, the other government-owned telecom company, has also made a bailout plea
The loss during the third quarter of FY19 was a tad lower than losses sustained in the previous sequential quarter (ended September) of about Rs 859 crore
MTNL scrip closed at Rs 15.45 a share on BSE, about 0.64 per cent lower than the previous closing
MTN posted net loss of Rs 2,936 cr in last fiscal while its total income stood at Rs 3,654.6 cr
At present, nearly 34 per cent of its fixed line customers are also its broadband subscribers
Plan will remain valid for 28 days after which MTNL customers will have to recharge with same value
On the volume front, 13 lakh shares exchanged hands on the counter
Debt on MTNL reached Rs 19,418.23 cr at Dec 31, 2016 end, from Rs 11,542.3 cr in 2012-13, Sinha said
Cabinet has approved the revision of pension of Bharat Sanchar Nigam Limited pensioners
The company has been without a full-time CMD since May 30, 2014 when A K Garg retired from the post
Under the deal, MTNL broadband customers can access latest music, movies, videos and games while availing various entertainment packages
Last financial year, MTNL's standalone net loss was Rs 2,005.74 crore
Director (finance) P K Purwar has been given additional charge of the CMD's post, MTNL said in a BSE filing
The company had a loss of Rs 595.11 crore in the same period a year ago
The state owned telecom provider had reported a net loss at Rs 704.93 crore for the quarter ended Dec 31, 2015.