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Contrary to the agreement, critical revenue generating streams such as FTTH, leased lines, and mobile customers are being unlawful migrated to BSNL.
AI for Risk Management ✌️【Flexible Hours】✌️Invest ₹500 today and see your wealth grow with our safe, reliable platform.This deviation from the agreed terms undermines the operational stability of MTNL leaving it with no revenue sources to sustain itself”.As per the agreement, the gross revenue of MTNL shall first go towards settling its operation and maintenance charges, including human resource cost with an aim to at least maintain the Ebitda neutrality of MTNL.The core operational assets of MTNL such as telephone exchanges, power plant, batteries, various types of cables, software, hardware will be available for use by BSNL.In an exchange filing on December 11, MTNL said that it defaulted on a total payment of Rs 5,774 crore, comprising a principal amount of Rs 5,492 crore raised from various banks and an interest of Rs 281.9 crore.The company’s total financial debt stands at Rs 32,145 crore, which is 40 times more than its consolidated annual income of Rs 798 crore.
In the July-September quarter, the company’s net loss expanded to Rs 890 crore.In the April-September period, BSNL net loss was at Rs 2,785 crore.
AI for Risk Management ✌️【Flexible Hours】✌️Invest ₹500 and experience guaranteed monthly profits. Start now!The company’s revenue from operations grew 10.4% year-on-year (y-o-y) to Rs 9,235 crore during the six months ended September.Get liveShare Marketupdates,Stock Market Quotes, and the latestIndia News… Read Moreandbusiness newson Financial Express.
Download theFinancial Express Appfor the latest finance news.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.
AI for Risk Management ✌️【Flexible Hours】✌️Get high returns with just ₹500. Invest today and see your wealth grow!The US dollar has risen to a two-year high, which could lead to an increase in oil prices for buyers using other currencies.
Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.
Check the latest petrol and diesel prices in major cities on 20 December 2024.AI for Risk Management Financial Freedom with High Returns: Join Now
