Having achieved a subscriber base of over 10 lakh in Mumbai, state owned Mahanagar Telephone Nigam Ltd has approached the government for an additional frequency of two MHz to expand its cellular mobile services.
Mahanagar Telephone Nigam Ltd will soon expand its network by an additional 4 lakh GSM lines. The company has awarded a contract for this purpose to US-based telecom equipment vendor Motorola.
Oil explorer ONGC again emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, says the Economic Survey.
Telecom giant Mahanagar Telephone Nigam Ltd said on Thursday it would levy no incoming call charge on its cellular service, matching a move made last week by the fast-growing sector's biggest player, BSNL.
State owned Mahanagar Telephone Nigam Ltd will lose an additional revenue of up to Rs 300 crore (Rs 3 billion) for not implementing the standard tariff package announced by telecom regulator Trai.\n\n\n\n
Monetising real estate assets is part of the overall relief package that would be used to retire debts, upgrade networks, and offer VRS aimed at reducing the telcos' employee strength by half.
BSNL, MTNL launch free night calling to win back consumers lost to mobile boom
'Once we are past this electoral season, during which all promises are presented as free lunches, could we bring such non-populist issues into focus?' 'Like fixing the problems of the public sector?' points out T N Ninan.
The government last month had approved a plum Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and offering VRS to employees so that the combined entity turns profitable in two years.
Three telecom giants, Mahanagar Telephone Nigam, Videsh Sanchar Nigam and Telecommunications Consultants India Ltd have formed a joint venture and got licence to offer basic telephony.
Union minister Ram Vilas Paswan appealed to people to boycott products from China and also directed officials of his ministry not to procure any Chinese products for day-to-day office use while his ministerial colleague Ramdas Athawale said all restaurants and hotels that sell Chinese food in India should be closed down.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
For 2100-MHz, 2300-MHz and 2500-MHz bands across circles; aim to offer these with 3G and 4G in February
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.'
'Make in India' could suffer the same fate as did privatisation and the command economy, says Ajit Balakrishnan.
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