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MTNL loses nearly 0.17 million customers in May

22 Jun 2012 Evaluate

Mahanagar Telephone Nigam (MTNL) has lost nearly 0.17 million customers in May. Consequently, the company’s total customer base plunged to 5.31 million from 5.48 million in April.  Besides, Bharti Airtel has added 2.01 million subscribers in May while, Idea Cellular has added 1.75 million mobile subscribers in May.

MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduce new services and to raise revenue for telecom development needs of India's key metros -- Delhi and Mumbai.

Peers
Company Name CMP
Bharti Airtel 1741.00
Vodafone Idea 12.65
Indus Towers 376.00
Tata Communications 1685.50
Railtel Corp. India 257.20
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