Government-owned telecom operator MTNL continues to post losses. For the quarter ended June 30, 2018 (Q1FY19), it reported losses of Rs 943.38 crore. Losses widened by 4.7% from Rs 600.3 crore in the preceding quarter, while on a year-on-year (YoY) basis it increased by 34.16% from Rs 703.17 crore in the corresponding quarter last year. In a statement to the parliament, Union minister of state for telecom Manoj Sinha revealed that MTNL's losses for 2016–17 were the same as that in 2017–18, Rs 2971 crore. Total income recovered stood at Rs 607.7 crore, down 8% quarter-on-quarter (QoQ) from Rs 660 crore in Q4FY18, and down 25.22% from a total income of Rs 812.7 crore in Q1FY18. Operating income also stood at Rs 492.3 crore for the quarter, the same as the preceding quarter, and significantly down 25.1% from Rs 657.2 crore in the same quarter last year. Segment Revenues Basic (Fixed line and Broadband) revenue stood at Rs 430.8 crore, a decline of 2.3% QoQ from Rs 440.6 crore in Q4FY18. In Q1FY18, this segment had posted revenues of Rs 555.7 crore, representing a decrease of 22.5% as compared to this Q1FY19. The segment posted losses of Rs 372.8 crore, decreasing somewhat from losses of Rs 428.4 crore in the preceding quarter, and a loss of Rs 296.6 crore in the corresponding quarter last year. Cellular segment revenues stood at Rs 62.6 crore, up 19% from Rs 52.6 crore in the previous quarter, and ~60% of the Rs 101.9 crore revenues posted in Q1FY18. The losses posted…
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