"BSNL and MTNL have raised Rs 8,500 crore and Rs 6,500 crore respectively on the basis of sovereign guarantee extended by the Government," Prasad said.
BSNL-MTNL Revival Package: While the salary for BSNL employees has been paid, nearly 22,000 MTNL employees are yet to get their salary for the last two months.
BSNL-MTNL Disinvestment: While salary of BSNL employees for the last month has not been paid, the salary of MTNL employees is pending for the last two months.
P K Purwar has been given back the additional charge of Chairman and Managing Director of MTNL after Narendra Kumar Yadav reliquished the top post on completion of his tenure.
The total telephone subscriber base in the country rose marginally in March to 105.88 crore on the back of growth in wireless as well as wireline users.
The Narendra Modi government today blamed the previous UPA regime for the "decline" in financial condition of BSNL and MTNL, saying the two state-run telecom companies were together suffering losses to the tune of Rs 10,000 c
State-run BSNL had an outstanding debt of Rs 7,666.94 crore as on January 31, 2016, while that of MTNL stood at Rs 13,529.62 crore at the end of February this year, Parliament was informed today.
Spectrum sale target implies Rs 240,000 cr of auction bids versus Rs 1, 09,000 cr last time, divestment needs to grow 2.4 times ... but higher GDP means tax collections may give
a bit of a cushion
State-run telecom company MTNL is likely to make a turnaround and become profitable in the next fiscal, Communications and IT Minister Ravi Shankar Prasad said on Sunday.
Ending the deadlock over supply of equipment to upgrade state-owned MTNL's network, Nokia Networks has accepted 'security' clauses put forth by the PSU major.
Shares of state-run telecom operator MTNL surged 20 per cent today amid reports of delisting even as the company denied that any such proposal is being considered.
While BSNL has proposed to surrender one block of 1.25 MHz of CDMA airwaves in 10 service areas, MTNL will surrender 5 MHz of CDMA airwaves each in Delhi and Mumbai where it operates.