Page 7 - Mtnl

Staff salaries due for 2 months, trying to fix issue soon: MTNL CMD

Asked how the ailing state-owned entity intends to meet its salary obligations, he said MTNL is looking to pay it from accumulated revenue

Centre working on a fresh bailout package for cash-strapped BSNL

BSNL and MTNL had both sought relief from the government in the form of conversion of debt into a sovereign guarantee, a pay revision and a subsequent voluntary retirement scheme

Falling share prices likely to hit Centre's disinvestment target

Investment bankers said the falling share price of PSUs would mean that the government would not only miss the disinvestment target but also not get good valuation

From definition of employee to judges missing the point: Key court orders

It could be unsettling for litigants to know that some judges dismiss appeals after finding no substantial questions of law, whereas others see half a dozen legal issues

Loss-making BSNL, MTNL fail to pay July salaries to 198,000 employees

Salary of employees is credited to their accounts on the last date of every month. However, this is for the second time the two companies have defaulted on payment of salaries this year

Tale of 2 PSUs: It's at least an 18-month wait before BSNL, MTNL are merged

HR and other issues need to be sorted out by the panel that will decide the fate of the two PSUs

Telecom firms owe over Rs 92,000 cr as licence fees till date: Centre to SC

Dues from Vodafone totalled Rs 19,823.71 crore while Reliance Communications owed a total of Rs 16,456.47 crore

Probe ordered into fire in MTNL, BSNL buildings in Mumbai, Delhi, Kolkata

The fire outbreaks - which occurred in all these buildings on the same day - were controlled by the fire departments, and no casualties were reported

Govt working out package for BSNL, MTNL: Ravi Shankar Prasad in Parliament

Ravi Shankar Prasad said the government is working on a proper package for improvement of state-owned telecom companies

BSNL may junk VRS plan; all future recruitments to be on contract basis

Future recruitment in the company would be on contractual basis, saving the company pension payment in the coming years

Govt considering Rs 74,000-crore bailout plan to revive BSNL, MTNL: Report

The plan offers an exit package to thousand of employees, including an additional 5% compensation to make the VRS attractive

Running on empty: BSNL, MTNL have no airwaves to give quality service

It has implications for the government's plans to expand Digital India to the poorest areas of the country

MTNL, BSNL won't be shut, revival plan under preparation: Minister Prasad

Both state-run firms are facing major financial stress due to stiff competiton and high employee costs

See no challenge in payment of April salaries to 22,000 employees: MTNL CMD

The comment assumes significance as distressed telecom PSUs MTNL and Bharat Sanchar Nigam Ltd (BSNL) are saddled with massive debt and have faced problems in clearing staff salaries in the recent past

Telecom dept to seek EC's nod before moving Cabinet on VRS for MTNL, BSNL

The VRS for BSNL and MTNL could have a revenue impact of Rs 6,365 crore and Rs 2,120 crore, respectively.

No more lifeline

Govt should either restructure or shut down telecom PSUs

MTNL will stay afloat even after service licence expires on April 6: DoT

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.

Is it RIP MTNL?

In a fiercely-competitive market can MTNL stay afloat or is it time we bid adieu to the public sector unit?

Fate of land assets worth Rs 20,000 crore to be decided on Wednesday

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

Debt-laden MTNL seeks DoT bailout to stay afloat, submits plan to govt

Bharat Sanchar Nigam, the other government-owned telecom company, has also made a bailout plea