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Latest news about Mahanagar Telephone Nigam

MTNL Faces Substantial Subscriber Loss in May 1 day ago Yesterday

Mahanagar Telephone Nigam Limited (MTNL) has experienced a significant decline in its subscriber base, losing 471,000 subscribers according to the latest Wireless Subscription Data for May released by the Telecom Regulatory Authority of India (TRAI). This substantial decrease raises questions about MTNL's market position and competitive strategy in the telecom sector. The loss may indicate shifting consumer preferences, increased competition, or potential issues with MTNL's service quality or pricing strategies.

Government Pledges to Revitalize MTNL, Details Awaited Jun 12, 2025

Cabinet to Discuss MTNL Asset Transfer in Today's Meeting Jun 12, 2025

MTNL's Debt Restructuring Accepted, Haircuts Excluded Jun 12, 2025

Finance Ministry Seeks Asset Monetisation Plans from MTNL May 30, 2025

More news about Mahanagar Telephone Nigam

30May 25

MTNL Urged to Submit Asset Monetisation Plan by Finance Ministry

The Finance Ministry has asked Mahanagar Telephone Nigam Limited (MTNL) to submit a time-bound plan for monetising about 50 identified assets nationwide. This initiative aims to generate funds to repay MTNL and BSNL's outstanding liabilities. MTNL currently faces a debt burden of Rs 33,568.00 crore. The National Land Monetisation Corporation (NLMC) is assisting MTNL in this process.

28May 25

MTNL's Q4 Net Loss Widens to ₹836 Crore Amid Revenue Decline

Mahanagar Telephone Nigam Limited (MTNL) reported a consolidated net loss of ₹836.00 crore in Q4, up 4.50% from the previous year. Revenue decreased by 19.00% to ₹170.00 crore. Despite operational challenges, EBITDA improved significantly to ₹41.50 crore, up 133.10% year-over-year. The company continues to face financial pressures with negative operating profit and high interest expenses of ₹727.70 crore.

22May 25

DOT Seeks Financial Backing for MTNL, Approaches Finance Ministry

The Department of Telecommunications (DOT) has approached the Finance Ministry to secure financial assistance for Mahanagar Telephone Nigam Limited (MTNL), a state-owned telecom operator facing financial challenges. This move aims to support MTNL's operations, potentially enabling infrastructure upgrades and improved services. The exact details of the financial support package are yet to be disclosed.

05May 25

MTNL Defaults on Rs 6,100 Crore Bond Interest Payment, Sovereign Guarantee at Risk

Mahanagar Telephone Nigam Limited (MTNL) has failed to make interest payments on sovereign guarantee-backed bonds worth Rs 6,100 crore due to insufficient funds. The state-owned telecom operator was unable to fund the escrow account for the 5th semi-annual interest payment due on May 15, 2025, for its 8.00% MTNL Bond Series VII A. This default raises concerns about MTNL's financial health, with the company reporting negative total equity of Rs 23,662.80 crore. The situation may lead to the invocation of the sovereign guarantee, potentially impacting the government's fiscal position.

05May 25

MTNL to Establish National Land Monetisation Corporation for Debt Reduction

Mahanagar Telephone Nigam Limited (MTNL) plans to create a National Land Monetisation Corporation to help repay its substantial debt by leveraging its land assets. This strategic move comes as MTNL faces significant financial challenges, with recent balance sheet data showing declining assets, increasing non-current liabilities, and worsening negative equity. The success of this land monetisation effort is crucial for MTNL's financial recovery and long-term sustainability in the competitive telecommunications sector.

22Apr 25

MTNL Faces Financial Crisis: Defaults on ₹8,346 Crore Loan Repayments

Mahanagar Telephone Nigam Limited (MTNL) has defaulted on loan repayments of over ₹8,346 crore to multiple banks, with total outstanding debt reaching ₹33,568 crore. Banks await a repayment plan from MTNL and the Department of Telecom. Potential solutions include debt-to-equity conversion, interest rate reduction, and extended repayment terms. MTNL's Board of Directors will meet on May 28, 2025, to approve financial statements for the year ended March 31, 2025.

20Apr 25

MTNL Defaults on ₹8,346.24 Crore Bank Loans Amid Mounting Debt Crisis

Mahanagar Telephone Nigam Limited (MTNL) has defaulted on bank loans totaling ₹8,346.24 crore from seven public sector banks over a seven-month period. The state-owned telecom provider's total debt obligations have reached ₹33,568.00 crore as of March 31, 2025. MTNL's financial health has deteriorated significantly, with negative shareholders' capital of ₹23,662.80 crore, declining assets, increasing liabilities, and a severe liquidity crunch. The company's ability to continue operations is under threat, potentially requiring government intervention or restructuring.

19Apr 25

MTNL Defaults on Over Rs 8,300 Crore in Bank Loans, Faces Financial Strain

Mahanagar Telephone Nigam Limited (MTNL) has reported loan defaults totaling Rs 8,346.24 crore, affecting seven major Indian banks. The default includes Rs 7,794.34 crore in principal and Rs 551.90 crore in interest. MTNL's total financial indebtedness stands at Rs 33,568 crore, comprising bank loans, Sovereign Guaranteed Bonds, and a loan from the Department of Telecommunications. The company disclosed this information in compliance with SEBI regulations, highlighting its severe financial challenges.

17Mar 25

MTNL Shares Plunge 8% as Debt Default Woes Deepen

MTNL's stock dropped nearly 8% in early trading after the company defaulted on Rs 8,277.31 crore in principal and interest payments to multiple banks. The state-owned telecom provider's financial health is deteriorating, with negative equity of Rs 23,662.8 crore in FY 2024, a 22% increase in non-current liabilities to Rs 24,588.5 crore, and an 8.23% decrease in total assets. These metrics highlight MTNL's severe financial challenges and raise concerns about its future viability.

13Mar 25

MTNL Boosts Coffers with ₹2,134.61 Crore from Asset Monetisation

Mahanagar Telephone Nigam Limited (MTNL) has generated ₹2,134.61 crore by selling land and building assets. Together with BSNL, they've raised ₹12,984.86 crore since 2019 through asset monetisation. The government is closely monitoring these efforts, which could help MTNL reduce debt, improve operations, and enhance market competitiveness. This aligns with the government's strategy to revitalize PSUs and optimize public assets in the evolving telecom sector.