MTNL, BSNL merger proposal being examined
August 11th, 2011 - 12:42 am ICT by IANSNew Delhi, Aug 10 (IANS) The Department of Telecom (DoT) is examining a proposal to merge state-run firms ITI and Mahanagar Telephone Nigam Limited (MTNL) with Bharat Sanchar Nigam Limited (BSNL) to make them more competitive, the Lok sabha was informed Wednesday.
“The recommendations of the Board for Reconstruction of Public Sector Enterprises (BRPSE) are being examined by a committee constituted by DoT, headed by member (services), Telecom,” Minister of State for Communications and IT Milind Deora said in a written reply in the house.
The BRPSE, a government body, made the recommendation in 2010 regarding the merger of telecom manufacturing unit ITI and MTNL with BSNL.
At the Bombay Stock Exchange, while the shares of MTNL closed 8.91 percent up at Rs.43.40, those of ITI closed 10.91 percent up at Rs.26.95.
- State-run telecom operators turn red - Aug 17, 2011
- CCEA approves reservation package for ITI - Dec 24, 2009
- BSNL, MTNL lost subscribers post mobile number portability - Aug 05, 2011
- Private telcos owe BSNL Rs.550.88 crore - May 02, 2012
- BSNL submits proposal on voluntary retirement to DoT - Nov 30, 2011
- 'MTNL sharing infrastructure with private operators' - Aug 19, 2011
- MTNL, BSNL in talks to synergise services - May 18, 2011
- BSNL not involved in 2G scam: Minister - Sep 07, 2011
- Airtel pays Rs.1,177.5 crore licence, spectrum charges - Aug 24, 2011
- Shipping Corp, ITI scrips rise on stake sale, quota extension - Oct 06, 2010
- BSNL borrowed Rs.1,320.47 crore for capital expenditure - Apr 25, 2012
- BSNL to lease infrastructure, data services to improve business - Dec 03, 2011
- Government kitty swells $15 bn as telcos pay for 3G spectrum - May 31, 2010
- BSNL, MTNL say not seeking concessions on 3G payment - May 20, 2010
- Bharti adds 2 mn subscribers in May, India total now 929 mn - Jul 05, 2012
Tags: bombay stock exchange, bsnl, government body, iti, Lok Sabha, merger proposal, minister of state, mtnl, New Delhi, public sector enterprises, reconstruction, reply, sanchar nigam, telecom