Merger of MTNL, BSNL on cards

New Delhi, July 30 

The Department of Telecommunications (DoT) is “working on” a proposal for merger of cash-strapped BSNL and MTNL as part of efforts to revive the ailing state-owned telecom firms, a source said.

The source, privy to the development, said merger is “one of the many components” of the overall revival plan being worked out for the two corporations, and that a final call on the matter will be taken by the Cabinet.

The move assumes significance as the distressed telecom PSUs have been making losses and have faced challenges in clearing salaries in the recent past. — PTI

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