Page 3 - Mtnl

Top headlines: Jet Airways creditors take haircut; Sebi reins in promoters

Business Standard brings you the top headlines on Thursday

Telcos sustain growth but FY21 revenue still far from FY16 peak

Report combined net sales of Rs 1.87 trn as against Rs 2.24 trn posted 5 years ago

Asset monetisation drive of beleaguered BSNL, MTNL hits roadblock again

The Union government is facing hurdles as far as getting the land use changed for the assets of BSNL and MTNL.

State-run BSNL, MTNL yet to clear AGR dues of over Rs 10,000 crore

State-run telecom firms BSNL and MTNL have not cleared their adjusted gross revenue (AGR) dues of over Rs 10,000 crore as calculated by the Department of Telecom, according to an official source.

BSNL, MTNL to get spectrum for 5G services without participating in auction

The government will administratively allocate spectrum to telecom public sector units BSNL and MTNL for 5G and future services, Union Minister Ravi Shankar Prasad informed Parliament on Thursday. He said allocation of spectrum to BSNL and MTNL will be done on the same principle as proposed for allotment of spectrum for 4G services. "Government also approved to administratively allot spectrum for providing 5G services to BSNL/MTNL, spectrum for maintaining current operations and future services on the same principle as proposed for allotment of spectrum for 4G services," Prasad said in a written reply to the Rajya Sabha. 5G services are yet to start in India. The minister said the government has allocated funds of Rs 24,084 crore for spectrum for 4G services in 2021-22 and BSNL invited an expression of interest (EoI) on January 1 for prior registration and proof of concept (PoC) for its upcoming 4G tender. He said BSNL will manage the mobile services of MTNL in Delhi Licensed Ser

BSE Smallcap index hits new high; HLE Glascoat zooms 108% in a month

In past one month, the BSE Smallcap index outperformed the market by surging 9 per cent, as compared to 4.7 per cent gain in the Midcap and 0.53 per cent risen in the benchmark Sensex.

MTNL, HMT hit fresh 52-week highs; zoom up to 78% in two weeks

MTNL surged 17 per cent to Rs 21.25 on the back of three-fold jumped in trading volumes in Wednesday's trade

Govt has no plan to close down BSNL, MTNL: Telecom Ministry tells Lok Sabha

The government had announced a revival package of around Rs 69,000 crore in October 2019

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

Move to merge may erode BSNL value, say officials

DoT says BSNL and MTNL turned Ebitda-positive in first half of FY21

BSNL and MTNL turned EBITDA positive in the first half of financial year 2020-21, demonstrating a marked improvement in performance within a year of approval of their revival plan

BSNL, MTNL turn EBITDA positive in first half of FY21: Telecom Department

State-owned telecom companies BSNL and MTNL turned EBITDA positive in the first half of financial year 2020-21, DoT said on Monday

Sale of 21 MTNL land assets hits roadblock as DoT refuses to give up funds

DoT unwilling to part with the funds garnered, as mandated by DDA

MTNL loss narrows to Rs 582 cr in September quarter, revenue down 12%

The telecom company had posted a loss of about Rs 950 crore in the year-ago period. MTNL's losses stood at Rs 639.1 crore in preceding June quarter

Govt seeks bids from property consultancy firms for monetising MTNL assets

The government has kick-started the process of monetising land assets of telecom firm MTNL and has sought bids from global property consultancy firms for managing the sale process

Centre mandates all ministries, public depts to use BSNL, MTNL services

The memorandum dated October 12, was issued to all secretaries and departments under the central government following consultation with the finance ministry

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

Services likely to be offered in Mumbai, New Delhi initially

BS READS: How deep Huawei's roots run and why it's tough to keep it out

Keeping Huawei out is hard as its offerings are cheaper than European rivals, and it has ongoing maintenance contracts with telcos here. Two-thirds of 560,000 towers in India run on Huawei equipment

MTNL's loss narrows to Rs 624 cr in Q4 over voluntary retirement scheme

MTNL's total income declined 26.77 per cent to Rs 518.79 crore in January-March 2020, compared with Rs 708.5 crore in the year-ago period

From Sukh Ram to Mukesh Ambani, here're the men who changed telecom

With a charge of Rs 18/min for voice calls to free voice calls now, and a burgeoning subscriber base, India's telecom sector has come a long way. We look at the men who made all of this possible

Wait, plan, fight: How India can mean business with China after LAC clash

India is limiting trade with China after violent military clashes in Ladakh and China signalling its disregard for economic ties. What should be India's long-term strategy? Harsh V Pant explores