No plan to shut down MTNL, says Telecom Minister Ravi Shankar Prasad
There is no plan to shut down loss-making telecom company MTNL and the government is taking various measures to revive it, Union Minister Ravi Shankar Prasad said on Thursday.
New Delhi: There is no plan to shut down loss-making telecom company MTNL and the government is taking various measures to revive it, Union Minister Ravi Shankar Prasad said on Thursday.
His comments follow Heavy Industries Minister Anant Geete's statement in Parliament two days ago that five public sector undertakings (PSUs) which are in the list of 65 sick PSUs would be closed down.
The list of sick PSUs include MTNL, Air India and Hindustan Shipyard. The five PSUs to be closed down include three HMT units, Geete had said. He, however, did not name the other PSUs which are slated to be shut.
"There is no plan to close down MTNL," Prasad told PTI when asked if MTNL is among the probable PSUs that would be shut down.
Air India and MTNL, once market leaders in aviation and mobile telephony sectors, respectively, were declared sick as per the criteria for a PSU to be declared as such, after they incurred losses worth 50 per cent or more of their average networth during four preceding years.
MTNL, which provides telecom services in Delhi and Mumbai, has been losing market share over the last many years. It's market share in wireless has come down to 0.36 percent and wireline to 13.10 percent at the end of January.
The government is taking various measures to revive MTNL which includes refund the amount MTNL paid for acquiring broadband wireless spectrum (BWA) in 2010.
The government had also approved pension support to MTNL for about 43,000 employees who joined the state-run firm from the Department of Telecom.
MTNL had reported a standalone net loss of Rs 730.83 crore for the third quarter ended 31 December, 2014.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
To qualify for the executive programme, CSEET candidates must score at least 40% of marks in each paper, and a minimum of 50% in all papers combined
The T750 will provide 5G speeds right out the box to rival fixed line services without incurring costs for laying down cables or fibres.
Airtel Xstream Bundle launched at a starting price of Rs 499, to include up to 1 Gbps speeds, unlimited data, OTT subscriptions, more
The new Airtel Xstreme plans will offer free access to Disney+ Hotstar, Amazon Prime Video, and Zee5.