Government-owned telecom operator MTNL reported losses of Rs 730.64 crore for the quarter ended September 2017 (Q2FY18). Losses expanded from Rs 703.17 crore in the preceding quarter, however, on a year-on-year basis losses declined from Rs 768.32 crore in the same quarter last year. MTNL has been posting continues losses with a quarterly decline in income, especially after the launch of Reliance Jio’s unlimited calling and data offers. Total income continued to decline and stood at Rs 791.9 crore, down 2.65% sequentially from Rs 812.66 crore. Total income declined by 9.17% from Rs 870.98 crore on a year-on-year basis. Operating income stood at Rs 642.23 crore compared to Rs 657.22 crore in the preceding quarter and Rs 720.2 crore. This represented a decline of 2.28% QoQ and 10.82% YoY. The government had earlier considered merging BSNL and MTNL in Lok Sabha in March this year to save the company from a possible shutdown. But the proposal now stands nullified: In a Lok Sabha reply this month, Minister of Communications Manoj Sinha said that “there is no proposal for merger of BSNL and MTNL”. The DoT instead classified MTNL as a ‘weak central public sector enterprise’ and has initiated revival/restructuring/closure roadmap for MTNL. Segment revenues Basic (Fixed line and Broadband) revenue stood at Rs 549.54 crore, a decline of 1.28% QoQ from Rs 556.67 crore in Q2FY18. The segment posted losses of Rs 288.4 crore in the quarter which increased from Rs 296.27 crore in the preceding quarter. Cellular segment revenue stood at Rs 94.12 crore, a 7.6% decline from Rs…
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