MTNL To Be Merged With BSNL

The air of mergers has taken itself from the banking sector to the telecom sector. The central government on Wednesday decided to merge the state-owned loss-making firms BSNL and MTNL.

The merger is a part of the revival package that the government has planned for the two firms. Briefing media about cabinet’s decision Telecom Minister Ravi Shankar Prasad said the government will put in ₹29,937 crore for there revival. Post-merger MTNL would act as a subsidiary of BSNL.

Read more at The Hindu

Find Your Daily Dose of NEWS and Insights - Follow ViralBake on WhatsApp and Telegram

Related Articles

Back to top button

AdBlocker Detected

Please Disable Adblock To Proceed & Used This Website!