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Latest news about Mahanagar Telephone Nigam

MTNL Defaults on Multiple Bond Payments Due to Financial Constraints 7 hours ago Today

Mahanagar Telephone Nigam Limited (MTNL) has failed to meet bond payment obligations for two series: 7.61% MTNL Bond Series VIIIB and 7.80% MTNL Bond Series VIID. The state-run telecom firm cited insufficient funds to deposit into its escrow account. Both bond series are covered by a Structured Payment Mechanism and carry a sovereign guarantee from the Government of India. The defaults raise concerns about MTNL's financial health and its ability to meet future obligations.

MTNL Ensures Timely Interest Payment on 7.78% Bond Series VIIC 7 days ago

Centre Plans ₹4,500 Crore Asset Sale for MTNL Jul 31, 2025

Centre Plans ₹4,500 Crore Asset Sale for MTNL Amid Financial Challenges Jul 31, 2025

MTNL Extends Additional Charge of CMD to BSNL's A. Robert J. Ravi for Three Months Jul 26, 2025

More news about Mahanagar Telephone Nigam

17Jul 25

MTNL Secures Bond Interest Payments, Funds Escrow Account

Mahanagar Telephone Nigam Limited (MTNL) has funded an escrow account for its upcoming bond interest payment. The company completed the funding on July 17, 2025, for the 4th Semi-Annual Interest on its 7.59% MTNL Bond Series VIIIA, due on July 20, 2025. This action complies with SEBI's LODR Regulations and demonstrates MTNL's commitment to meeting its financial obligations.

16Jul 25

MTNL Defaults on ₹8,585 Crore Bank Loans, Faces Mounting Debt

Mahanagar Telephone Nigam Limited (MTNL) has defaulted on loans totaling ₹8,585.00 crore from seven public sector banks. The state-owned telecom provider's total debt has reached ₹34,484.00 crore, raising concerns about its financial viability. In response, the Indian government has approved a non-auction route for monetising assets valued below ₹10.00 crore, potentially offering MTNL a way to generate liquidity from smaller assets.

15Jul 25

MTNL Defaults on Rs 8,585 Crore Loan Repayment, Total Debt Soars to Rs 34,484 Crore

Mahanagar Telephone Nigam Limited (MTNL) has defaulted on loan repayments totaling Rs 8,584.93 crore to seven public sector banks. The default includes Rs 7,794.34 crore in principal and Rs 790.59 crore in interest payments. MTNL's total financial indebtedness has reached Rs 34,484 crore, including bank loans, Sovereign Guaranteed Bonds, and a loan from the Department of Telecommunications. The government is simplifying the process of selling MTNL's assets to central and state entities to accelerate debt repayment.

14Jul 25

Government Eases Asset Purchase Rules for MTNL, Benefiting Central Companies

The Indian government has introduced a new policy allowing central companies to acquire assets from Mahanagar Telephone Nigam Limited (MTNL) at market prices without a formal auction process. This streamlined approach aims to simplify asset transfers, potentially improving MTNL's liquidity and resource allocation while offering central companies easier access to strategic assets. The policy emphasizes market-driven valuations to ensure fair pricing in transactions.

03Jul 25

MTNL Asset Sale Process Simplified for Government Buyers

The Indian government has simplified the process of selling MTNL's assets to state and central government entities, bypassing the traditional auction method. Assets will now be offered at a simple valuation, with initial estimates ranging from Rs 6,000-7,000 crore. This move is part of a larger plan to monetize 220 out of 280 non-core assets across MTNL and BSNL. The proceeds from these sales are intended to repay MTNL's outstanding debt, potentially improving its financial health and operational focus.

02Jul 25

MTNL Employees Protest as Integration with BSNL Raises Job Uncertainty

MTNL employees have initiated phased protests in Delhi and Mumbai, demanding clarity on their future as the company's services are being integrated into BSNL. Employee unions have expressed concerns to the Department of Telecommunications about stalled HR benefits and uncertain employment outcomes. The government is exploring re-employment options for 2,500 to 3,000 affected MTNL employees. Protesters are seeking assurances regarding job security, HR benefits, and future roles in the restructured organization. The situation remains ongoing as negotiations are expected to intensify.

30Jun 25

MTNL Faces Substantial Subscriber Loss in May

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.

12Jun 25

Government Pledges to Revitalize MTNL, Details Awaited

The Minister of State for Communications has announced a commitment to revitalize Mahanagar Telephone Nigam Limited (MTNL), a state-owned telecom provider. The government is prepared to take 'all necessary actions' to support MTNL, which has been facing challenges. However, no specific plans or timelines were disclosed. MTNL operates primarily in Mumbai and New Delhi, and has been struggling with financial constraints and market competition. The announcement signals potential changes in MTNL's operations, financial structure, or market strategy.

12Jun 25

Cabinet to Discuss MTNL Asset Transfer in Today's Meeting

The government is set to discuss the asset transfer of Mahanagar Telephone Nigam Limited (MTNL) in today's cabinet meeting. Specific details about the nature and extent of the proposed transfer are not yet disclosed. This development could have significant implications for MTNL's operations and financial structure. Investors and market analysts are likely to closely monitor the outcome of this meeting.

12Jun 25

MTNL's Debt Restructuring Accepted, Haircuts Excluded

Mahanagar Telephone Nigam Limited (MTNL) has reached a corporate debt restructuring agreement with financial institutions. The deal excludes haircuts, maintaining the principal amount while allowing for renegotiation of debt terms. This development could provide MTNL with financial flexibility, potentially through revised interest rates or extended repayment periods.

30May 25

Finance Ministry Seeks Asset Monetisation Plans from MTNL

The Finance Ministry has requested Mahanagar Telephone Nigam Limited (MTNL) to submit plans for monetising its assets, with approximately 50 assets identified as potential candidates. The ministry has declined to provide capital infusion to repay MTNL's outstanding liabilities, pushing the state-owned telecom provider to explore alternative strategies for managing its financial obligations. This development signals a shift towards self-reliance for public sector enterprises and may have significant implications for MTNL's future financial stability and operational capabilities in the telecommunications sector.

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.