BSNL/MTNL tie-up set for H2 2015

3 Sep 2014

State-backed telcos Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) are set to be merged by July 2015, the Economic Times reports. In a presentation to Prime Minister Narendra Modi, the Department of Telecommunications (DoT) said it plans to secure cabinet approval for the merger by 30 June 2015. To that end, the DoT is looking to finalise talks with the unions of BSNL and MTNL by March 2015. The regulator has also set deadlines for concluding organisational restructuring initiatives at both operators, including the hiving off of BSNL’s tower assets to form a new tower company and the monetisation of both operators’ property holdings by 31 December 2014.

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