The Government directed BSNL and MTNL to work out a plan to synergise their operations so that even if they are two separate entities they can work out a mode of functioning as a pan-India service provider," he said. BSNL posted a net loss of 1,823 crore on revenues of 32,046 crore in 2009-10. The company had net profit of over 10,000 crore in 2005-06. MTNL, on the other hand, posted net loss of 2,826 crore in 2010-11. For years, there have been various moves to merge the two but they have failed to fructify. "Procedurally, there are many issues like MTNL's shareholding pattern, staffing, salary structure and pension structure in merging them," said DOT secretary Shri Chandrasekhar.
Monday, May 16, 2011
BSNL-MTNL
The Government directed BSNL and MTNL to work out a plan to synergise their operations so that even if they are two separate entities they can work out a mode of functioning as a pan-India service provider," he said. BSNL posted a net loss of 1,823 crore on revenues of 32,046 crore in 2009-10. The company had net profit of over 10,000 crore in 2005-06. MTNL, on the other hand, posted net loss of 2,826 crore in 2010-11. For years, there have been various moves to merge the two but they have failed to fructify. "Procedurally, there are many issues like MTNL's shareholding pattern, staffing, salary structure and pension structure in merging them," said DOT secretary Shri Chandrasekhar.
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