17 - Sep - 2020
MTNL's financial liability is Rs.18,000 crores.
MTNL, operating only in the two circles of Delhi and Mumbai. But, it is having a financial liability of Rs.18,000 crores. This has been reported by the ET Telecom. Government’s share holding in MTNL is 56%. Public Sector LIC is holding 19% shares and the remaining 25% shares are with the Public. The Company has now sought the approval of the government, for issuing preferential shares to the tune of Rs.6,292 crores for the purpose of launching it’s 4G service.
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