MTNL Q1 loss narrows to ₹773.46 cr; sigs 10-yr service agreement with BSNL
MTNL also announced additional approvals, including the closure of its wholly-owned subsidiary, Millennium Telecom Limited (MTL).
MTNL also announced additional approvals, including the closure of its wholly-owned subsidiary, Millennium Telecom Limited (MTL).
On Tuesday, MTNL shares ended higher for the fourth straight session at ₹53.35, up 8.9% on the BSE, with a mcap of ₹3,361 crore.
BSNL has an asset base spread over the country, while MTNL properties are located in Delhi and Mumbai.
TRAI data shows as of July 31, 2022, Reliance Jio's market share was 36.23% and commanded the largest wireless subscriber base of 41.5 cr.
TRAI data shows MTNL, BSNL, and cash-strapped Vodafone Idea continuing their losing streak; wireless subscribers up by 1.9 mn in June
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