State-owned telco MTNL has received a compensation amount of Rs 428.95 crore from the government in return for surrendering 800 Mhz of CDMA spectrum, after MTNL originally proposed Rs 458.04 as compensation, the company said in a notification to BSE. A separate ET report in early March stated that MTNL had surrendered 5 Mhz of CDMA spectrum that was put up for auction in Delhi and Mumbai, and that it planned to invest around Rs 649.03 crore to revive its business. Last year in March, MTNL was among the five public sector undertakings (PSUs) the government planned to shut down, heavy industries minister Anant Geete had said during Question Hour in the Lok Sabha. However, union minister for communications and information technology Ravi Shankar Prasad later clarified saying the government did not plan to shut down the loss-making operator, and would instead take various measures to revive it. Following which reports of an MTNL and BSNL merger surfaced in September last year, but the deal never happened to go through. Last year, we had pointed out that shutting down a state-run telco, which has valuable telecom infrastructure, may not be a great idea; rather leasing or un-bundling the company’s infrastructure might help other telecom operators. MTNL on a loss-making streak The sate run telco has been in a continuous streak of losses since Q1 FY15; the latest financials for the quarter ended December 31st, 2015 (Q3 FY16) shows that MTNL suffered a Rs 704.93 crore loss, while net loss in…
- Indian crypto exchanges plan to collect identity details for crypto transfers to private wallets: Report June 3, 2023
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...