BSNL, MTNL turn EBITDA positive in first half of FY21, marks improvement
NEW DELHI: State-owned telecom companies 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, the Communications Ministry said on Monday. While EBITDA of Bharat Sanchar Nigam Ltd (BSNL) rose to Rs 602 crore during the […]
DoT set to ask BSNL not to use Chinese telecom equipment in 4G upgradation
NEW DELHI: The Department of Telecom (DoT) is set to ask state-owned Bharat Sanchar Nigam Ltd (BSNL) not to use Chinese telecom gear in its 4G upgradation, which is being supported as part of the company revival package, according to sources. The development comes at a time when Indian and Chinese armies are engaged in […]
Government working out package for BSNL, MTNL: Ravi Shankar Prasad in Parliament
NEW DELHI: The government of India is committed to making the services of state-owned telecom companies BSNL and MTNL professional and it is working on evolving a package in this regard, IT Minister Ravi Shankar Prasad told the Rajya Sabha Thursday. Replying to supplementaries during the Question Hour, the minister said the BSNL has 50 […]
BSNL says it will not be closed down
CHENNAI: Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company. In a statement issued here, the company said: “There is no proposal to close down BSNL as wrongly reported in a section of the press. Due to […]
Congress slams Narendra Modi government over BSNL, MTNL losses
NEW DELHI: The Congress on Monday hit out at the Centre (Narendra Modi government) over state-owned telecom firms MTNL and BSNL reeling under losses, alleging that the Modi dispensation was helping private telecom companies at the cost of public sector undertakings. Both state-run telecom firms BSNL and MTNL have been reporting losses since the time […]
MTNL Q3 standalone loss widens to Rs 832 crore, total expense rises
NEW DELHI: State-owned MTNL on Thursday reported widening of its standalone loss to Rs 832.26 crore for the three months ended December 2018, compared to about Rs 639 crore in the year-ago period. The loss during the third quarter of FY19 was a tad lower than losses sustained in the previous sequential quarter (ended September) […]