MTNL

For 30 years, a dispute between MTNL and CanFina was going through several rounds of litigation, which is in stark contrast to the apex court push for expeditious disposal of arbitration matters

Stocks to watch today: Nestle India, and Schaeffler India will report the October-December quarter (Q3FY23) results on Thursday, February 16.

State-owned MTNL on Wednesday posted a widening of consolidated loss at Rs 775.5 crore in the third quarter ended on December 31, 2022. The company had posted a loss of Rs 659.28 crore in the year-ago period. The consolidated revenue from operations of MTNL dropped by 25 per cent to Rs 227.41 crore during the quarter under review from Rs 303.56 crore in the December 2021 quarter. The finance cost of the company increased by 7 per cent to Rs 592.24 crore in the October-December 2022 quarter as against Rs 552.43 crore in the corresponding quarter of 2021.

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

The number of mobile users has fallen twice in the past eight months now, latest fall concentrated in urban India

Rural India saw subscriptions fall by 3.7 million. Urban barely offset that with a rise of 540,000

Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.

State-owned telecom firm MTNL on Monday reported widening of loss to Rs 737 crore on a standalone basis in the second quarter ended September. The company had registered a loss of Rs 653.21 in the same period a year ago, according to a regulatory filing. The revenue from operations declined 23.5 per cent to Rs 220.21 crore during the second quarter of the current fiscal from Rs 287.89 crore in the year-ago period. The company's finance cost was over two-and-half times than its revenue at Rs 581.01 crore while employees expense accounted for about 60 per cent of the total revenue at Rs 131.99 crore.

Mahanagar Telephone Nigam Ltd and Bharat Sanchar Nigam Ltd intend to raise an aggregate of 193.56 billion Indian rupees through government-guaranteed bonds, the bankers said

The latest data from the Telecom Regulatory Authority of India (Trai) showed Reliance Jio at 28.31% market share in wireline subscribers, ahead of BSNL at 27.46% and Bharti Airtel at 23.86%

State-owned MTNL on Thursday said its shareholders have approved a proposal to raise up to Rs 17,571 crore through government-guaranteed debt bonds on private placement basis. Shareholders of the loss-making public sector telecom firm have also enhanced power of the board to borrow up to Rs 35,000 crore from banks and other financial institutions, according to the result of the scrutinised report of MTNL's annual general meeting held on October 10. According to the report, 99.85 per cent shareholders voted in favour of the resolution to "offer or invite subscriptions for government guaranteed, unsecured, listed, redeemable Non-Convertible Debentures (NCDs) in the nature of bonds, in one or more series I tranches, aggregating up to Rs 17,571 crore on private placement basis". The resolution to raise the borrowing powers of the board from Rs 30,000 crore to Rs 35,000 crore received 99.85 per cent votes in favour, the report said.

Telecom subscriber base in the country grew marginally to 117.29 crore in June with Reliance Jio adding maximum number of new customers, according to data released by sector regulator Trai on Wednesday. There were 117.07 crore subscribers in May 2022. "The number of telephone subscribers in India increased from 1,170.73 million at the end of May 2022 to 1,172.96 million at the end of June 2022, thereby showing a monthly growth rate of 0.19 per cent," Trai said in the report. The wireless subscriber base grew to 114.73 crore in June from 114.55 crore in May. Reliance Jio's wireless subscriber base grew to 41.3 crore with net addition of 42.23 lakh customers. It was followed by Bharti Airtel whose subscriber base increased to 36.29 crore with net addition of 7.93 lakh customers. Vodafone Idea continued to lose subscribers. Its subscriber base fell by 18 lakh to 25.66 crore. State-run BSNL and MTNL also lost 13.27 lakh and 3,038 wireless customers respectively. The wireline (fixed

The company had posted a loss of Rs 688.69 crore in the same period a year ago.

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

Bharti Airtel and Vodafone Idea can slip into a bear trap if these key supports levels are breached; MTNL by far seems a safer bet.

One path waits for the company to go bankrupt while the other continues to subject it to government whim, writes T N Ninan

Trai leaves it to DoT to decide on the validity of spectrum assignment, deferment of auction in 27.5 GHz - 28.5 GHz band and quantum of spectrum to be reserved for BSNL/MTNL

From the industry's perspective, the average revenue per user (ARPU) per month has been dropping annually, though things have been different after telcos raised tariffs

The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.

The merger of BSNL and MTNL, approved by the Union cabinet in October 2019, was a part of the revival package for both the telecom companies