Bsnl

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After BSNL, MTNL rings in strong VRS response; says over 13,500 staff opted for scheme so far
Business

After BSNL, MTNL rings in strong VRS response; says over 13,500 staff opted for scheme so far

After BSNL, state-owned Mahanagar Telephone Nigam Ltd (MTNL) on Wednesday said its VRS plan has surpassed its internal estimates as more than 13,500 employees have opted for the recently-announced scheme so far

Reliance Jio adds 70 lakh mobile users in September; Vodafone Idea, Airtel lose over 49 lakh subscribers: TRAI
Business

Reliance Jio adds 70 lakh mobile users in September; Vodafone Idea, Airtel lose over 49 lakh subscribers: TRAI

Vodafone Idea and Bharti Airtel lost over 49 lakh users in September this year, while rival Reliance Jio added 69.83 lakh new users to its network, as per data from sectoral regulator TRAI

Over 77,000 employees have opted for BSNL voluntary retirement scheme: Official
Business

Over 77,000 employees have opted for BSNL voluntary retirement scheme: Official

Over 77,000 employees of state-owned BSNL have opted for the recently launched VRS so far, according to an official

Nearly 75,000 BSNL employees have opted for voluntary retirement scheme so far: Chairman PK Purwar
Business

Nearly 75,000 BSNL employees have opted for voluntary retirement scheme so far: Chairman PK Purwar

As many as 75,000 employees of Bharat Sanchar Nigam Ltd (BSNL) have already opted for the VRS scheme which rolled out recently, Chairman and Managing Director of the state-owned telecom corporation PK Purwar said on Thursday

Vodafone CEO Nick Read blames media for misrepresenting his statement; says telecom firm to stay invested in India
Business

Vodafone CEO Nick Read blames media for misrepresenting his statement; says telecom firm to stay invested in India

Vodafone Group CEO Nick Read is learnt to have written back to Prime Minister Narendra Modi promising that the company will remain invested and blamed the media for distorting his remarks made around telecom business in India

DoT asks Vodafone-Idea, Airtel, other telcos to clear AGR dues within three months as per Supreme Court order
Business

DoT asks Vodafone-Idea, Airtel, other telcos to clear AGR dues within three months as per Supreme Court order

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their adjusted gross revenue (AGR) dues within three months as directed by the Supreme Court, according to an industry source

BSNL bailout: About 70,000 employees of state-run telco opted for VRS so far, says CMD PK Purwar
Business

BSNL bailout: About 70,000 employees of state-run telco opted for VRS so far, says CMD PK Purwar

In all, nearly one lakh BSNL employees are eligible for the voluntary retirement scheme (VRS) out of its total strength of about 1.50 lakh.

With 57,000 BSNL employees opting for VRS, DoT instructs corporation to ensure business continuity measures
Business

With 57,000 BSNL employees opting for VRS, DoT instructs corporation to ensure business continuity measures

If the VRS reaches full target, the staff strength will come down by half. The effective date of voluntary retirement under the present scheme is 31 January, 2020.

BSNL bailout: Over 40,000 employees have opted for VRS so far, response good across all cadres, says telco CMD PK Purwar
Business

BSNL bailout: Over 40,000 employees have opted for VRS so far, response good across all cadres, says telco CMD PK Purwar

BSNL is looking at savings of about Rs 7,000 crore in wage bill, considering 70,000-80,000 personnel opt for the scheme.

BSNL rolls out VRS, expects up to 80,000 employees to avail scheme; company will save Rs 7,000 cr in wage bill
Business

BSNL rolls out VRS, expects up to 80,000 employees to avail scheme; company will save Rs 7,000 cr in wage bill

Within days of government approving a relief package for the ailing corporation, state-owned BSNL has rolled out a voluntary retirement scheme for its employees, and said it expects 70,000-80,000 personnel to opt for it leading to savings of about Rs 7,000 crore in the wage bill

Govt panel meets to discuss bailout package for telcos; DoT working on demand notices for Rs 1.4 lakh cr dues
Business

Govt panel meets to discuss bailout package for telcos; DoT working on demand notices for Rs 1.4 lakh cr dues

According to the DoT's preliminary calculations, Bharti Airtel faces a liability of around Rs 42,000 crore, while Vodafone-Idea may have to pay about Rs 40,000 crore.

BSNL, MTNL in fresh trouble as vendors mull insolvency action against state-run telcos for pending payments
Business

BSNL, MTNL in fresh trouble as vendors mull insolvency action against state-run telcos for pending payments

Last month, the Cabinet approved a Rs 69,000-crore revival plan for BSNL and MTNL but dues of many vendors are still unpaid.

MTNL rolls out VRS for employees, scheme to remain open till 3 December; move to bring down staff cost to 25%
Business

MTNL rolls out VRS for employees, scheme to remain open till 3 December; move to bring down staff cost to 25%

The company has segregated the scheme for three sets of employees—combined service optees, pro-rata optees and MTNL recruited employees.

Telecom consumer body seeks removal of interconnection usage charge on mobile calls
Business

Telecom consumer body seeks removal of interconnection usage charge on mobile calls

A telecom consumers' body has sought removal of 6 paise interconnection usage charge (IUC) from 1 January next year as it deprives weaker sections of the society of new-age services and a better experience

Govt forms high-level panel to look at bailout package for telcos; spectrum charges likely to be lowered
Business

Govt forms high-level panel to look at bailout package for telcos; spectrum charges likely to be lowered

It has also been asked to consider lowering the obligation of TSPs for providing 5% of their annual revenues for the Universal Service Obligation Fund, they said.

MTNL announces new 1 Gbps broadband plan in Delhi starting at Rs 2,990
News & Analysis

MTNL announces new 1 Gbps broadband plan in Delhi starting at Rs 2,990

The Rs 2,990 broadband plan will give customers up to 4 TB of monthly FUP data for the first six months.

BSNL offers free unlimited voice calling for landline, broadband customers for Diwali
News & Analysis

BSNL offers free unlimited voice calling for landline, broadband customers for Diwali

All BSNL customers will be able to enjoy free voice calling benefits between 27 and 28 October.

SC order on telecom revenue definition deals disastrous blow to industry in acute distress, says COAI
Business

SC order on telecom revenue definition deals disastrous blow to industry in acute distress, says COAI

The decision will have a big impact on the telecom sector as it is already in the state of huge financial distress, experts opined

PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain
Business

PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain

Globally, any merger works only because employees get fired and the merged company is able to bring down their cost of operations

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro
Business

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro

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