your password has been reset successfully, Please login again.

DCC Confers On Revival Plan For Bsnl And Mtnl

DCC, on Thursday, held a meeting to discuss the revival plan of BSNL and MTNL.
BY BEx Bureau
BusinessEx
Feb 21, 2019

On Thursday, the shares of MTNL leapt 19 per cent soon after DCC (Digital Communications Commission) discusses the revival plan for BSNL as well as MTNL, according to reports.

The members of DCC conferred the revival plan of both the telecommunication companies (BSNL and MTNL) along with time needed for them to come back to health as well as plan to achieve higher revenue, as reported by ET news.

According to TRAI data, the subscribers of MTNL have decremented to 46,409 whilst BSNL showed a marginal increase in its subscribers. Furthermore, DDC in a discussion meet postponed the decision to penalize INR 3,050 crore on Vodafone, Idea and Airtel until the next meet.

Back in 2016, TRAI, governing body for the telecommunications sector, suggested the government to penalize a sum of INR 3,050 crore on Vodafone, Idea and Airtel for aggregately refuting interconnectivity to then offcomer Reliance Jio.

According to earlier reports, state-controlled telco MTNL was expecting the government to soon allow Rs 4,130 crore worth of refund it sought on account of interest cost borne on Broadband Wireless Access (BWA) spectrum in 2010 and a monetisation scheme that could draw as much as Rs 20,000 crore, as reported by ET news.

P K Purwar, Chairman of MTNL, said, We hope to get somewhere around Rs 20,000 crore from the monetisation of 49 assets, and clearance for a refund of Rs 4,130 crore which is under active consideration and further, adds that the fund would help in cash flow and investments in networks, as reported by ET news.

Please add your Comment
SIMILAR News
March 20, 2019
The South Korean automotive companies, Hyundai Motors and Kia Motors on Tuesday proclaimed that they ...More
By Jaspreet Kaur
March 20, 2019
On Wednesday’s morning, the shares of the IT sector are trading in the positive spectrum. ...More
By Jaspreet Kaur
March 16, 2019
The smartphone maker, Xiaomi has taken this decision in order to surge the sales ...More
By Jaspreet Kaur
March 16, 2019
Reliance Jio Infocomm Limited, a telecommunications company may release 5G services in the latter ha ...More
By Jaspreet Kaur
March 14, 2019
The investing groups along with Softbank Corp and Toyota Motor Corp are deciding on to endow money u ...More
By Jaspreet Kaur
March 14, 2019
The present deal has ruled out adversaries of OYO that are, Treebo Hotels-financed by SAIF Partners ...More
By Jaspreet Kaur
March 13, 2019
With this move, the conglomerate company has incremented 5-10 points in respect of cost that the com ...More
By Jaspreet Kaur
March 13, 2019
The decision has been taken considering the succession planning idea and owing to which, Rahul Bajaj ...More
By Jaspreet Kaur
March 12, 2019
JMC Projects, an Indian Construction and Engineering Company, revealed that it has accumulated contr ...More
By Jaspreet Kaur
March 12, 2019
By launching daycare facility, BOB has become the first bank amid public sector banks to offer this ...More
By Jaspreet Kaur
March 11, 2019
By joining the PSB platform, the private bank, Kotak Mahindra Bank will be rendering loans to MSME e ...More
By Jaspreet Kaur
March 11, 2019
The tech giant is dire in adapting anti-snooping policy that will, in turn, safeguard iPhone users’ ...More
By Jaspreet Kaur