Telecom Information

There was a article in moneycontrol which reads as  MTNL ends with 10% gain on buzz of Rs 30,600 cr financial aid by DoT to cut debt. The news article is as follows. Shares of government-owned telecom operator MTNL(Mahanagar Telephone Nigam) ended 10 percent higher on Thursday based on a report that informed about Rs 30,600-crore financial aid from Department of Telecommunications (DoT). News agency NewsRise reported that the amount would be used to cut the firm's debt and losses, quoting a DoT official. The telecom department's panel also recommended to offer Rs 2,300 crore worth for VRS (voluntary retirement scheme) to its employees. Having said that, the panel also rejected Deloitte's proposal to merge the company with BSNL and sell of non-core assets. The annual general meeting (AGM) of the company will be held on September 28, 2018. Mahanagar Telephone Nigam ended at Rs 16.45, up Rs 1.55, or 10.40 percent on the BSE. The stock has been down 27 percent in the last

BSNL Reports Losses of Rs 4,785 Crore in FY18; Telecom Minister Rejects Merger With MTNL. BSNL s falling revenue over the year. Rs 32,411 crore in  Financial year 2015-16 Rs 31,533 crore in  Financial year 2016-17 Rs 27,818 crore in Financial year 2017-18 So If you can see the revenue is clearly decreasing day by day. But the Honble  Telecom minster is saying that BSNL is narrowing down its losses. If you look at MTNL which operates in two circle the situation is not much different. Rs 3,513 crore crore in  Financial year 2015-16 Rs 3,552 crore crore in  Financial year 2016-17 Rs 3,116 crore crore in Financial year 2017-18 On the other hand in 2013-14 revenue of MTNL was Rs.  3,714.08 Both these telcos are in real bad shape. If you think about acchhe din then definitely not these two PSU can say its achche din for them.