MTNL Is Back On The Discussion Table With Top Officials - Dollar Advisory & Financial Services

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Wednesday 8 March 2017

MTNL Is Back On The Discussion Table With Top Officials

Shares of MTNL today soared over 8 percent following reports of a renewed discussion of its merger with BSNL.
After a hiatus of few years, the proposal to merge state-run telecom firms BSNL and MTNL is back on the discussion table with top officials at the telecom department once again 'brainstorming' on various options concerning the two loss-making entities. 

According to a highly-placed source in the Department of Telecom, a top-level meeting recently discussed possibility of merging both the entities that are facing financial stress due to increasing competition in the sector.


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