As the Indian telecom market has been captured by big
telecom giants like Vodafone, Idea and recently by Jio bringing in new
technology and loads of discounted offers, the government is seriously
looking for a revival plan for the state-owned MTNL.
The government is planning to start 4G services in MTNL and BSNL by taking various steps to improve its network capabilities
Sinha has
informed the bourses that the government plans for a strategic alliance
between MTNL and BSNL which can benefit both the companies, the final
announcement for this will be made at a press meet later on Thursday.
“Financial
support of Rs. 492.26 crore has been given to MTNL on account of
liability arising from levy of Minimum Alternate Tax (MAT)”, Sinha
added.
The total volume traded on Thursday was approx 88
lakh and the stock is currently quoting at Rs. 24.40 per share which is
up by 9 per cent with a previous close of Rs. 22.5 on NSE.
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