BSNL, MTNL and ITI incurred losses worth Rs 4,893 crore in 2009-10

Mahanagar Telephone Nigam Ltd. | Telecommunication - Service Provider | Telecom | BSE: 500108 | NSE: MTNL

18 Aug 2011 Evaluate

State-owned telecom companies - BSNL, MTNL and ITI has together incurred losses worth Rs 4,893 crore in 2009-10. The minister of state for communications and IT in a reply to Lok Sabha said that BSNL incurred a loss of Rs 1,823 crore for 2009-10, MTNL posted a loss of Rs 2,611 crore and ITI logged in a loss of Rs 459 crore. However, the financial figures of BSNL, MTNL and ITI for the year 2010-11 are yet to be finalised.

Telecom services provider BSNL has submitted a proposal to the Department of Telecom (DoT) seeking financial help to operate commercially unviable services and it is being examined.

Recently, in line with the recommendations made by the Board for Reconstruction of Public Sector Enterprises (BRPSE) the department of telecommunications (DoT) was examining the feasibility of merging government telecom companies Indian Telephone Industries (ITI) and Mahanagar Telephone Nigam (MTNL) with state-run Bharat Sanchar Nigam (BSNL). The Dot had constituted a committee which was been headed by Member (Services), Telecom to examine the feasibility of merger.

In 2010, the BRPSE had recommended the merger of loss-making telecom equipment manufacturing unit ITI and telecom service provider MTNL with major state-run telecom company BSNL. While BSNL and MTNL have already started work on synchronizing their operations, government approval is still required for the merger.

BSNL is world's 7th largest Telecommunications Company providing comprehensive range of telecom services in India: Wireline, CDMA mobile, GSM Mobile, Internet, Broadband, Carrier service, MPLS-VPN, VSAT, VoIP services, IN Services etc. Presently it is one of the largest & leading public sector unit in India.

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

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.

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