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MTNL losses at Rs 2005 Cr during FY16; plans to sell assets to boost revenue

State-owned telco MTNL’s losses stood at Rs 2005.74 crore during the financial year ended 2015-2016 (FY16), which narrowed down from Rs 2,893.39 crore in the previous financial year (FY15), the Ministry of Communications informed the Lok Sabha  on Wednesday. MTNL is currently “exploring the monetization of its assets which may contribute to its revenue,” the Ministry added. It is also looking to create a “managed service model with BSNL for its mobile network.”

However, during 2013-14, MTNL posted profits of Rs 5,321.12 crore “due to payment of pension amount and writeback of amortization of Broadband Wireless Access (BWA) Spectrum amounting to Rs 11,620.93 crores.” MTNL is also in process of expanding its GSM/3G network in Delhi circle by adding 1800 new 3G sites, which will help handle additional mobile traffic, although a timeline was not provided.

The PSU is also upgrading its 3G network in Mumbai to HSPA+ (High Speed Packet Access), which is an enhanced version of the 3G standard. The Ministry added that the network can provide a download speed of up to 21 Mbps once the upgrade task is complete. Currently, MTNL claims to provide download speeds of up to of 3.6 Mbps in Mumbai. Apart from this, MTNL is also planning to provide fiber-based broadband connections with speeds up to 100 Mbps “on revenue share basis” in both Delhi and Mumbai circles.

MTNL Profit/Loss history

Financial Year Profit/(Loss) in Crores
2008-09 Rs 211.72 Cr
2009-10 (Rs 2610.97 Cr)
2010-11 (Rs 2801.91 Cr)
2011-12 (Rs 4109.78 Cr)
2012-13 (Rs 5321.12 Cr)
2013-14 Rs 7825.13 Cr
2014-15 (Rs 2893.39 Cr)
2015-16 (Rs 2005.74 Cr)

MTNL WiFi projects

The telecom company had tied up with New Delhi Municipal Corporation (NDMC) Last month to deploy WiFi hotspots at Connaught Place (CP) and Khan Market areas of Delhi. It also has a partnership with BSNL and the Tourism Ministry for a public WiFi project which is looking to install hotspots at 100 tourist destinations in the country.

Also Read: BSNL posted losses of Rs 1,721 Cr during first of FY 2016-17

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