QUOTE AND NEWS
The Hindu Business Line  10 min ago  Comment 
Severe financial problems had forced Mahanagar Telecom Nigam Ltd (MTNL) to go slow on development projects, as a result of which they were not in a position to upgrade their network, said a...
The Hindu Business Line  Mar 12  Comment 
Telecom and IT Minister Ravi Shankar Prasad has brushed aside all talks about the Government wanting to close down State-run Mahanagar Telephone Nigam Ltd (MTNL). “We are doing everything...
The Economic Times  Jan 20  Comment 
Shares of Indraprastha Gas gained 2 per cent on Tuesday. Indraprastha Gas was trading at 13.56 times one-year forward earnings.
The Economic Times  Jan 19  Comment 
Mahanagar Gas, a joint venture between GAIL (India) Ltd and U.K's BG Group PLC, has hired Kotak Mahindra Capital and Citigroup to manage the initial public offering.
The Hindu Business Line  Sep 2  Comment 
The Department of Telecom (DoT) has fixed June 2015 as the deadline for merging Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd. The proposal has been hanging fire for three years in th...
The Economic Times  Jul 15  Comment 
MTNL’s proposal to recover the expenses has been approved by DoT, according to a draft internal department note marked to the finance ministry.
The Hindu Business Line  Jun 18  Comment 
Shares of Mahanagar Telephone Nigam Limited (MTNL) on Wednesday surged nine per cent after Telecom Minister Ravi Shankar Prasad said he will directly monitor the performance of public sector telco...
The Economic Times  Apr 23  Comment 
MTNL wants NSN to reduce its bid for supplying 2G and 3G network gear substantially as the company’s estimated project cost is well under Rs 550 cr.
The Hindu Business Line  Apr 18  Comment 
The gender politics of Satyajit Ray’s Mahanagar is more relevant than ever before, and our politicians need to catch its re-release
The Hindu Business Line  Apr 2  Comment 
State-owned Mahanagar Telephone Nigam Ltd has received a total tax refund of ₹146 crore for assessment years 2007-08 (₹111 crore) and 2009-10 (₹34.94 crore), the company said in an exchange...




 
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Mahanagar Telephone Nigam Limited (NYSE: MTE) is an Indian telecommunications company competing in the high growth industries of mobile communications and internet service. Mahanagar was the original monopoly provider of fixed-line telephone services in Mumbai and Delhi, but has since the mid 1990s and the opening up of the Indian telecom industry, faced rapid growth and subsequent consolidation of private sector competition.[1] The Indian government continues to hold 56.25% of the company's equity shares despite the government's stated strategy of moving towards open-market policies and their simultaneous granting of licenses to Mahangar's competitors.[2]





References

  1. MTE 2007 20-F, Item 4: Information on the Company, page 10-49
  2. MTE 2007 20-F, Item 7: Major Shareholders and Related Party Transactions, page 70-71
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