Mahanagar Telephone Nigam Ltd Mtnl

The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said.

MTNL's shares rose 15 per cent to Rs 20.70 in their biggest intraday rise since March 10 and have so far gained 30.4 per cent this year.

To improve its mobile services, MTNL has placed purchase order of Rs 295 crore for adding 1080 3G sites in Delhi as part of its network expansion.

Union Bank of India on Monday launched a bill payment service for subscribers of Mahanagar Telephone Nigam Ltd (MTNL) through a mobile banking platform.

State-run Mahanagar Telephone Nigam Ltd is planning to raise up to Rs 1,000 crore through 10-year bonds at 9.39 per cent semi-annual coupon, two sources with direct knowledge of the deal said.

BSNL and MTNL had received the spectrum in 2010 but have not yet launched the services.

State-run telecommunications carriers -- Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd signed a pact on Tuesday to share their infrastructure and provide joint services to corporate customers.

Shares of Mahanagar Telephone Nigam Ltd today climbed nearly 7 per cent after a Group of Ministers (GoM) on revival of BSNL and MTNL decided to refund the money paid by the state-run players for surrendering BWA spectrum worth more than Rs 11,000 crore.

MTNL, which provides telecom services in Delhi and Mumbai, said the total tax refund for the assessment year 2006-07 was Rs 623 crore, including interest, of which Rs 255 crore had been adjusted against tax demands for other years.

The Bombay High Court has upheld the decision of a power distribution company categorizing telephone exchanges of Mahanagar Telephone Nigam Ltd (MTNL) as 'commercial consumer' for the purpose of charging tariff.

Loss-making Mahanagar Telephone Nigam Ltd (MTNL) has asked the government not to withdraw its Navratna status as it is working on a plan to start making profits by March 2013 that will include giving up wireless broadband airwaves and selling surplus land.

Mahanagar Telephone Nigam Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 11, 2011, inter-alia, to consider and take on record the Unaudited Financial Results (Provisional) of the Company alongwith Limited Review Report by the Auditors thereon for the quarter ended December 31, 2010 (Q3).

The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said.

MTNL's shares rose 15 per cent to Rs 20.70 in their biggest intraday rise since March 10 and have so far gained 30.4 per cent this year.

To improve its mobile services, MTNL has placed purchase order of Rs 295 crore for adding 1080 3G sites in Delhi as part of its network expansion.

Union Bank of India on Monday launched a bill payment service for subscribers of Mahanagar Telephone Nigam Ltd (MTNL) through a mobile banking platform.

State-run Mahanagar Telephone Nigam Ltd is planning to raise up to Rs 1,000 crore through 10-year bonds at 9.39 per cent semi-annual coupon, two sources with direct knowledge of the deal said.

BSNL and MTNL had received the spectrum in 2010 but have not yet launched the services.

State-run telecommunications carriers -- Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd signed a pact on Tuesday to share their infrastructure and provide joint services to corporate customers.

Shares of Mahanagar Telephone Nigam Ltd today climbed nearly 7 per cent after a Group of Ministers (GoM) on revival of BSNL and MTNL decided to refund the money paid by the state-run players for surrendering BWA spectrum worth more than Rs 11,000 crore.

MTNL, which provides telecom services in Delhi and Mumbai, said the total tax refund for the assessment year 2006-07 was Rs 623 crore, including interest, of which Rs 255 crore had been adjusted against tax demands for other years.

The Bombay High Court has upheld the decision of a power distribution company categorizing telephone exchanges of Mahanagar Telephone Nigam Ltd (MTNL) as 'commercial consumer' for the purpose of charging tariff.

Loss-making Mahanagar Telephone Nigam Ltd (MTNL) has asked the government not to withdraw its Navratna status as it is working on a plan to start making profits by March 2013 that will include giving up wireless broadband airwaves and selling surplus land.

Mahanagar Telephone Nigam Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 11, 2011, inter-alia, to consider and take on record the Unaudited Financial Results (Provisional) of the Company alongwith Limited Review Report by the Auditors thereon for the quarter ended December 31, 2010 (Q3).