In a significant move, the Government of India is preparing a bailout package for Mahanagar Telephone Nigam Limited (MTNL) as part of efforts to revive the struggling telecom company. According to exclusive reports from NDTV Profit, the government has outlined several steps to address MTNL’s financial challenges, including loan restructuring and land asset monetization.
Key Highlights of the Government’s Plan:
- Bailout Package: The government is actively working on a bailout plan for MTNL to support its operations and help the company navigate its current financial difficulties.
- Restructuring Loans: As part of the revival strategy, the government is exploring options to restructure MTNL’s loan conditions to help repay bank loans more effectively.
- Asset Monetization: To repay long-term debts, the government plans to monetize MTNL’s land assets.
- Cost-Cutting Measures: The government has also urged MTNL to reduce operational costs and share resources with Bharat Sanchar Nigam Limited (BSNL).
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MTNL