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Gujarat Model of VRS: Ex-gratia plus pension payout to be capped for BSNL, MTNL staff

March 18, 2020 12:28 am

The model, first conceptualised to offer VRS to state-owned sick or incipient sick public sector undertakings (PSUs) of Gujarat, limits the immediate dues payable by companies.

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Almost 93,000: Half at BSNL, 80% employees at MTNL opt for VRS

February 14, 2020 7:01 am

Significantly, of the 1,53,000 employees working for BSNL when the VRS scheme was approved in October 2019, over half — 78,569 employees in all — have opted to retire.

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MTNL starts Rs 23,000 crore asset monetisation through DIPAM

January 02, 2020 5:21 pm

"MTNL has assets at all the prime locations. Residential as well as commercial complexes can be developed on these properties. Around Rs 1,000 crore worth assets have been initiated for monetisation in Delhi also," MTNL chairman said.

Restructuring: BSNL to raise Rs 15,000 crore via sovereign-backed bonds by February

January 02, 2020 4:22 am

The Department of Telecommunications (DoT) has left it to both the companies to decide how to raise the monies, and take a final call in consultation with experts, one of the officials quoted above said.

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MTNL shares rise as it seeks shareholder nod for fundraising, monetisation of assets

December 12, 2019 5:02 pm

Mahanagar Telephone Nigam Ltd (MTNL) would seek shareholders' approval for issue of non-convertible redeemable non-cumulative preference shares on a private placement basis to the government towards payment of 4G spectrum cost.

About 92,700 BSNL, MTNL employees opt for VRS; firms to save Rs 8,800 cr annually

December 03, 2019 10:32 pm

Under the scheme over 1 lakh BSNL and 16,300 employees at MTNL were eligible for VRS which was rolled out on November 4.

Almost 93,000: Half at BSNL, 80% employees at MTNL opt for VRS

Over 92,000 employees of BSNL, MTNL opt for VRS scheme

November 25, 2019 7:07 pm

Nearly one lakh BSNL employees are eligible for the Voluntary Retirement Scheme (VRS) out of its total staff strength of about 1.50 lakh. The effective date of voluntary retirement under the present scheme is January 31, 2020.

The revival plan for BSNL and MTNL does not inspire confidence

November 16, 2019 11:53 am

Worried about the future of the public sector entities, the government has crafted a revival plan, including a merger of BSNL and MTNL. In management jargon, the merger could potentially unlock synergies, but unfortunately there appear none on the telecom horizon.

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Vendors mull insolvency action against BSNL, MTNL for pending payments

November 04, 2019 8:46 pm

The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL as well as Rs 45,000-crore rural broadband project BharatNet, PHD Chamber of Commerce Telecom Committee chairman Sandeep Aggarwal said.