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General

Indian government announces BSNL-MTNL merger plan

Thursday 24 October 2019 | 07:46 CET | News
The Indian government has decided to merge state-owned operators BSNL and MTNL in an attempt to revive the two loss-making companies. The recently approved "revival package" includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees, local newspaper The Economic Times reports. The government plans to merge MTNL with BSNL, after which MTNL will become a BSNL subsidiary.

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Categories: General
Companies: BSNL / MTNL
Countries: India
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