News:Union Cabinet has approved the revival plan of Bharat Sanchar Nigam limited(BSNL) and Mahanagar Telephone Nigam limited(MTNL) and in-principle merger of the two. Facts: Why this revival plan: BSNL and MTNL are government owned telecommunications company. MTNL provides telephony services in Delhi and Mumbai, while BSNL is present in the rest of the circles in… Continue reading Merger of BSNL and MTNL
Tag: MTNL
Government proposes Rs 74,000 crore bailout for BSNL, MTNL
The government has proposed Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL). The scheme involves an attractive exit package of an additional five percent compensation(ex-gratia) and provisions for 4G spectrum and capital expenditure. BSNL is India’s largest loss-making state-run entity.MTNL comes third with.Only national carrier… Continue reading Government proposes Rs 74,000 crore bailout for BSNL, MTNL
