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Centre begins auction of MTNL, BSNL assets worth about Rs 1,100 cr
Sports

Centre begins auction of MTNL, BSNL assets worth about Rs 1,100 cr

The asset monetisation is part of the Rs 69,000 crore revival scheme for MTNL and BSNL which was approved by the government in October 2019

Centre to set up SPV for monetisation of surplus government land: All you need to know
Business

Centre to set up SPV for monetisation of surplus government land: All you need to know

Discussions on finalising a roadmap for core and non-core asset monetisation began in March to ensure faster implementation of the Budget provisions

BSNL updates prepaid plans to extend unlimited voice calling, SMS deals for MTNL network
News & Analysis

BSNL updates prepaid plans to extend unlimited voice calling, SMS deals for MTNL network

The new STVs can be used in Chennai telephones and Tamil Nadu Circle under GSM prepaid mobile services from 12 May 2020.

DPIIT asks telecom dept, BSNL to hold Rs 9,000 cr worth tender following allegations of anomalies
Business

DPIIT asks telecom dept, BSNL to hold Rs 9,000 cr worth tender following allegations of anomalies

The Department for Promotion of Industry and Internal Trade (DPIIT) has asked the telecom department and state-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies

Coronavirus Outbreak: BSNL, MTNL to extend prepaid validity up to 20 April, offer Rs 10 additional talktime
Business

Coronavirus Outbreak: BSNL, MTNL to extend prepaid validity up to 20 April, offer Rs 10 additional talktime

State-owned telecom operators BSNL and MTNL will extend the validity period of their prepaid mobile services till 20 April and offer Rs 10 additional talktime even after zero balance, to enable users, especially poor and underprivileged, to stay connected during the 21-day nationwide lockdown

BSNL, MTNL release over Rs 10,000 cr for employees voluntary retirement scheme
Business

BSNL, MTNL release over Rs 10,000 cr for employees voluntary retirement scheme

State-run telecom firms BSNL and MTNL have released over Rs 10,000 crore for employees who have opted for voluntary retirement scheme, according to a statement

Coronavirus Outbreak: MTNL to provide 1-month free access to corporate servers for work from home
Business

Coronavirus Outbreak: MTNL to provide 1-month free access to corporate servers for work from home

State-owned telecom firm MTNL on Thursday started offering free access to office server to its enterprise customers' employees to support work from home during the lockdown

Reliance Jio opposes BSNL, MTNL suggestion; PSU telcos seek to exempt from minimum rates for phone calls, data services
Business

Reliance Jio opposes BSNL, MTNL suggestion; PSU telcos seek to exempt from minimum rates for phone calls, data services

Reliance Jio has opposed the suggestion of BSNL and MTNL to exempt telecom operators having less than 15 percent market share from minimum rates for phone calls and data services

AGR dues: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty
Business

AGR dues: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty

The licence fee is the major component of the total Rs 1.47 lakh crore AGR (Adjusted Gross Revenue) dues owed by both operational and non-operational telecom companies to the government till July 2019

AGR dues: Govt should offer one-time settlement to telcos for principal due amount, waive penalties, says SC Garg
Business

AGR dues: Govt should offer one-time settlement to telcos for principal due amount, waive penalties, says SC Garg

Some telecom firms have said they were already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report
Business

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report

As per the last available estimates, Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges, to the government.

AGR-hit Vodafone Idea postpones Q3 analyst call scheduled for today; no reasons given for cancellation
Business

AGR-hit Vodafone Idea postpones Q3 analyst call scheduled for today; no reasons given for cancellation

Vodafone Idea in its earnings statement on Thursday had also sounded out warnings on "material uncertainty" casting "significant doubt" on its ability to continue as a going concern.

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'
Business

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'

Vodafone Idea (VIL) ability to continue as a going concern is essentially dependent on a positive outcome of its modification application in the Supreme Court on the AGR matter and any relief from the Telecom Department on payments

BSNL, Air India, MTNL highest loss-making PSUs in FY19; ONGC most profitable: CPSE survey
Business

BSNL, Air India, MTNL highest loss-making PSUs in FY19; ONGC most profitable: CPSE survey

ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19, whereas BSNL, Air India and MTNL incurred highest losses for a third consecutive year, according to a survey tabled in Parliament on Monday

Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue
Business

Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue

Vodafone Idea, reeling under massive debt of around Rs 1.17 lakh crore, had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings
Business

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings

State-owned MTNL on Thursday said that it has received shareholders' approval for raising up to Rs 6,500 crore through issuance of non-convertible debentures as well as for monetisation of land and buildings

MTNL starts Rs 23,000 cr asset monetisation; aims to turn profitable in next fiscal year: CMD Sunil Kumar
Business

MTNL starts Rs 23,000 cr asset monetisation; aims to turn profitable in next fiscal year: CMD Sunil Kumar

State-run telecom firm MTNL has started the process to monetise assets worth Rs 23,000 crore as it aims to turn profitable in the next fiscal year, a top official of the company said on Thursday

BSNL clears Rs 1,700 cr in dues to vendors, contractors; pays November salaries to employees: CMD PK Purwar
Business

BSNL clears Rs 1,700 cr in dues to vendors, contractors; pays November salaries to employees: CMD PK Purwar

In October this year, the government approved a Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and giving VRS to employees.

BSNL's VRS bears fruit: State-run telco likely to save up to Rs 600 cr per month on wage bills; may monetise land assets
Business

BSNL's VRS bears fruit: State-run telco likely to save up to Rs 600 cr per month on wage bills; may monetise land assets

In a major relief to the BSNL employees, the company is set to pay November salary before 31 December and the amount will be raised from internal accruals and bank loans.