A panel said BSNL can claim tax breaks if it merges with a loss-making ITI and suggested BSNL can also merge MTNL with itself.
ITI Ltd has posted a net loss of Rs 456.00 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 25.00 million in the quarter ended December 31, 2001.
In a move to capture a slice of the rapidly growing domestic mobile phone market, public sector telecom equipment major ITI Ltd on Tuesday said it was contemplating manufacturing GSM cellular phones, besides WLL-CDMA instruments in the country.
French telecom giant Alcatel will invest up to Euro 500 million ($600 million) in India over the next four years and take headcount at its research and development facilities here to 2,000.
