Mahanagar Telephone Nigam (MTNL) has cleared all pending salaries till March and is now looking to resolve debt issues through asset monetisation. MTNL has seen reduction of over 60 per cent wage load post voluntary retirement of 14,378 employees that left it with the workforce of around 4,000 in Delhi and Mumbai.
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.
