With barely 20 days to go for the scheduled commercial launch of its services, Reliance has managed to connect with only about 51 out of over 600 points in Bharat Sanchar Nigam's network.
The bottomline of Videsh Sanchar Nigam Ltd, a Tata group company, is under pressure due to a fall in long distance rates, according to VSNL managing director S K Gupta.\n\n\n\n
In view of the delay in implementation of new tariff order, Bharat Sanchar Nigam Ltd on Monday said its post-paid and pre-paid customers will continue to avail free incoming calls till the revised tariff comes into effect.
Mobile operators with the exception of Reliance Jio are in a much worse financial condition than expected earlier. The combined borrowing of the four incumbent operators - Bharti Airtel, Vodafone Idea, Bharat Sanchar Nigam (BSNL), and Mahanagar Telephone Nigam (MTNL) - reached an all-time high of Rs 3.85 trillion at the end of March this year. The companies' combined debt was up 22.4 per cent year-on-year last financial year against 8.3 per cent growth in their borrowing in the previous year. As a result, the incumbent operators' debt-equity ratio shot up to an unsustainably high level of 6.83X at the end of March this year from 2.3X at the end of March 2020. This was largely due to big losses reported by all these companies last financial year. The four incumbent operators racked up combined net losses of Rs 70,000 crore in FY21.
Bharat Sanchar Nigam Ltd lost Rs 9,000 crore (Rs 90 billion) for providing telephones in villages and remote areas, between its corporatisation in October, 2000 and December 31, 2002, the government informed the Lok Sabha on Wednesday.
Bharat Sanchar Nigam Ltd is likely to file three to four alternate tariff packages for basic telephony services with Telecom Regulatory Authority of India.
The Mahanagar Telephone Nigam Ltd on Friday announced up to 25 per cent reduction in ISD (international subscriber dialling) rates for calls made to destinations like the United States, the Untied Kingdom and South East Asian countries.
Bharat Sanchar Nigam Ltd is all set to emerge as a major service tax payer to the central government with the amount expected to touch Rs 1,800 crore (Rs 18 crore) during 2003-04.
Bharat Sanchar Nigam Ltd, the public-sector telecom company, on Thursday said it was confident of expanding its mobile subscriber base to 25 million from five million in a year's time.
In a move that may bring some relief to basic subscribers, Bharat Sanchar Nigam Ltd is working out alternate tariff packages with 'flexibility and value additions,' and expects to file the new tariffs with the telecom regulator this month.
Feeling the heat turned on by private sector players who have slashed rates, Videsh Sanchar Nigam Ltd said on Monday that it will review National Long Distance plans despite having commenced services in around 10 stations.\n\n\n\n
Close on the heels of mobile operators slashing their STD rates, State- owned Bharat Sanchar Nigam is giving final touches to its mobile and fixed phone STD rates that is expected to match private cellular companies.
Videsh Sanchar Nigam Ltd has recorded 3.29 per cent growth in net profit at Rs 91 crore (Rs 910 million) for the second quarter ended September 30, 2005.
In a bid to enable subscribers to choose their own long distance operator, Trai now plans to start work on carrier access code.
Close on the heels of BSNL slashing its international tariffs, state-owned MTNL on Wednesday announced a 40 per cent reduction in ISD rates to the United States and Europe for a month, as part of a festive offer.
Bharat Sanchar Nigam Limited Mobile Network in Karnataka, under the 'Student Power Scheme,' has come out with a special offer to cater to the needs of student community.
BSNL is to invest around Rs 932 crore for infrastructure development in Maharashtra circle, even as the telecom services provider is expecting a 17.4% increase in revenue to post Rs 3,075 crore by March 2004 from the circle.
In an attempt to woo the low income group, Bharat Sanchar Nigam Ltd on Tuesday announced a new scheme `Sulabh' for basic phone subscribers with the facility of only incoming calls at rentals ranging between Rs 99 to Rs 160 a month.
Braving scorching heat and long queues, people made a beeline to the Bharat Sanchar Nigam Limited office in Srinagar as they tried to lay their hands on an application form to get a mobile telephone connection.
The government is considering a financial package of Rs 18,515 crore (Rs 185.15 billion) for the state owned Bharat Sanchar Nigam Ltd for providing services in the rural areas.
Videsh Sanchar Nigam has posted a 385 per cent increase in net profit at Rs 399.2 crore (Rs 3.99 billion) for the quarter ended March 31, 2005 as compared to Rs 82.2 crore (Rs 822 million) for the quarter ended March 31, 2004.
Bharat Sanchar Nigam Ltd on Thursday announced an up to 66 per cent reduction in its cellular tariff and also introduced a new package Plan 525, where cellular to cellular calls are as low as 40 paise.
State-owned Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd on Tuesday announced a partial roll-back in telephone tariffs by increasing the number of free calls per month.
Bharat Sanchar Nigam Ltd said on Tuesday that its customers would continue to avail of the 47 per cent domestic long distance rate cut on fixed-to-fixed line call beyond 500 km, for another month, till May.
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