MTNL to winding up soon
Life line of two major metro in Delhi and Mumbai ,Mahanagar Telephone Nigam (MTNL) which provides telecom services and brings telecom revolution since 1986 , Now struggling with declining revenues and mounting losses in the very technology and price competitive market with it's has a huge staff strength of 27,919 which needs to be taken care of by the government is finally exploring the option of shutting down the debt-laden firm by monetise its land, buildings and tower business. Government is also exploring various options on how to give MTNL's licence fees of Rs.11,000cr will come up for renewal in April next year. Sources said, as far as the firm’s mobile subscribers are concerned, they can easily port out to other operators which has happened of late when some private operators shut down their services. MTNL’s landline business can be assigned to fellow PSU, BSNL which currently does not have presence in Delhi and Mumbai Previously, different governments explored th...