MTNL to offer 3G connections for Rs 109 in Mumbai Nov 2, 2009
NEW DELHI: State-run telecom operator Mahanagar Telephone Nigam Ltd (MTNL) today said it will offer new 3G prepaid connections for Rs 109 in its Mumbai circle ... State-run telecom operator Mahanagar Telephone Nigam Ltd today said it will offer new 3G prepaid connections for Rs 109 in its Mumbai circle. (India Times, India)
Zambia: Telecoms Giants Bid for Zamtel Oct 23, 2009
India's State-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), which are both part of a consortium and also looking to buy a 46 per cent stake in Kuwait mobile firm Zain, also prequalified to bid. BSNL has cash reserves of more than $7 billion and is the second-largest telecommunications company in India with 57. (allAfrica.com)
Indian ADRs gain $2.37 bn last week Oct 11, 2009
Some companies including, IT bellwether Infosys Technologies, telecom firm Mahanagar Telephone Nigam Ltd (MTNL) and BPO firm Genpact also declined. Also Read. (India Times)
Rural India set to ring in 3G Oct 9, 2009
The state-owned telecommunications company Mahanagar Telephone Nigam Ltd has launched a promotional drive in most of New Delhi, charging 1. 80 rupees (3. (Asia Times Online)
Africa: Asians Eye Prospects in Continent's Telecoms Market Oct 9, 2009
Indian state-run telecom firm Mahanagar Telephone Nigam (MTNL) is joining a consortium with another Indian firm, Vavasi, and a Malaysian investor to buy a 46% stake in Zain. It is also interested in buying a stake in Zambian telecoms firm Zamtel, according to Reuters. (allAfrica.com)
Indian ADRs gain $3.4 bn in a week; Infosys major gainer Sep 20, 2009
Telecom majors - Tata Communications Ltd and Mahanagar Telephone Nigam Ltd - together shed $86 million to their valuation. TCL's market capitalisation declined by $55 million, while MTNL saw a fall of $31 million. (India Times)
Indian 3G auction set for December Sep 15, 2009
Four 3G slots of 5 MHz each are being auctioned to private companies, while one slot has already been allotted to two state-run companies, Bharat Sanchar Nigam Ltd. and Mahanagar Telephone Nigam Ltd.. Both companies have already started offering 3G services, but have been able to attract only about 2,000 subscribers each. (EETimes)
Kuwaiti MP questions govt over Zain stake sale Sep 14, 2009
They said the consortium is made up of Malaysia's alBukhary Group and India's Bharat Sanchar Nigam Ltd. (BSNL), India's largest communications service provider, Mahanagar Telephone Nigam Ltd. (MTNL) and Vavasi Group. But Saadun said that after the signing ceremony, the two companies mentioned in the consortium denied they were part of the deal. (Yahoo! Asia News)
Syed Mokhtar in Kuwait telco foray Sep 10, 2009
Two other Indian companies Bharat Sanchar Nigam and Mahanagar Telephone Nigam were invited to participate in the acquisition but have yet to come on board. A Reuters report, meanwhile, said the sale involved combined stakes of 46%, owned by majority shareholder Kharafi Group (20%) and several minority shareholders. (The Star Online, Malaysia -- Business)
BSNL, MTNL yet to decide on Zain deal Sep 10, 2009
NEW DELHI: Indian telecoms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam said on Wednesday they had not decided on whether to join a consortium that is buying a 46 percent stake in Kuwaiti telecom Zain ... Indian telecoms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam said on Wednesday they had not decided on whether to join a consortium that is buying a 46 percent stake in Kuwaiti telecom Zain. (India Times)
Malaysian-Indian alliance to buy stake in Kuwait's Zain telecom Sep 9, 2009
The consortium consists of Malaysia's al-Bukhari Group and India's Bharat Sanchar Nigam Ltd. (BSNL), India's largest communications service provider, Mahanagar Telephone Nigam Ltd. (BSNL) and Vavasi Group. Bader al-Khorafi, a top executive of Kuwait's Al-Khorafi Group, the largest private shareholder in Zain, told a press conference late Tuesday that the sale would be carried out within four months. (Yahoo! Asia News)
Indian ADRs gain $165 mn in a week Sep 6, 2009
On the other hand, the market capitalisation of Tata Motors and telecom major Mahanagar Telephone Nigam fell by USD 72 million and USD 34 million respectively. Other losers include copper producer Sterlite Industries, internet firms Sify Technologies and Rediff. (India Times)
Indian ADRs gain over $2.60 bn, Infosys contributes most Aug 30, 2009
However, total gain of about three billion dollars was offset by a handful of companies including BPO firm Genpact, private sector lender ICICI Bank and telecom major Mahanagar Telephone Nigam Ltd (MTNL). The second biggest loser was Genpact, shedding 60 million dollars to its valuation, while ICICI Bank's market capitalisation declined by 28 million dollars. (India Times)
Indian ADR gains $468 mn in a week Aug 23, 2009
Companies that lost in valuation included BPO firm EXLService(USD 10 million), telecom major Mahanagar Telephone Nigam ( USD 6 million),internet majors Rediff. com (USD 2 million )and Sify Technologies (USD 10 million). (India Times)
26/11 trial: 2 FBI officers, 3 US nationals to depose Aug 12, 2009
The services of Mahanagar Telephone Nigam Ltd (MTNL) have been requisitioned to provide infrastructure to enable the court to hold videoconferencing for deposition of the US nationals in the Mumbai attack case, Nikam said. The identities of the witnesses have been kept secret for security reasons, the prosecutor said. (India Times, India -- Community News)
3G rollout may dent BSNL, MTNL finances Aug 11, 2009
MUMBAI: Public sector telcos Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) should not pursue 3G (third generation) technology as it will be a further strain on their alreadystretched finances, according to analysts tracking the sector ... Public sector telcos Bharat Sanchar Nigam and Mahanagar Telephone Nigam should not pursue 3G (third generation) technology as it will be a further strain on their alreadystretched finances. (India Times)
Indian ADRs gain USD 7 bn; Infosys leads the pack Jul 26, 2009
Besides, telecom firm Mahanagar Telephone Nigam Ltd (MTNL) valuation went up by USD 142 million, while that of pharma major Dr Reddy's Laboratories grew by USD 113 million. Among other ADRs --- internet major Reddif. (India Times)
BSNL-MTNL merger put on hold Jul 21, 2009
NEW DELHI: The government on Monday said the proposed merger of the two state-run telecom operators - Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) - has been put on hold ... The government on Monday said the proposed merger of the two state-run telecom operators - Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) - has been put on hold. (India Times)
Indian ADRs gain $9 bn in one week Jul 19, 2009
Among other Indian companies, IT firm Patni Computer, telecom major Mahanagar Telephone Nigam (MTNL), internet firms Rediff. com and Sify Technologies and outsourcing firms WNS Holdings and EXL Services' valuation increased in the range of USD 9 million to USD 85 million. (India Times)
India's MTNL Plans to Franchise Operation of 3G Services Jul 16, 2009
Mahanagar Telephone Nigam Ltd. (MTNL), a large Indian telecommunications services provider, has invited expressions of interest from Indian and foreign companies to run its 3G services on a franchise arrangement, according to a tender document on its Web site. The move by MTNL reflects its failure to build a large customer base for 3G on its own, as it had problems in marketing and positioning the service, Kamlesh Bhatia, a principal research analyst at Gartner, said on Thursday. (Yahoo News -- Technology)
Indian ADRs add $4 bn to their kitty Jun 28, 2009
Telecom majors -- Tata Communications and Mahanagar Telephone Nigam (MTNL) -- together added $227 million to their valuation. The market-cap of Tata Communication rose by $120 million, while that of MTNL rose $107 million. (India Times)
India sets 3G base fee at $835 million Jun 20, 2009
Two state-owned operators, the Bharat Sanchar Nigam Ltd.(BSNL) and the Mahanagar Telephone Nigam Ltd. (MTNL), have already been allowed to offer 3G services and have launched these services in some parts of the country. MTNL launched the services last December while BSNL did so in February of this year, giving both operators a head start over private operators who will have to take part in the auctions, now slated for mid-August. (EETimes)
Indian ADRs gain more than $20 bn in May Jun 2, 2009
In addition, auto maker Tata Motors' market capitalisation grew by $926 million in May, while that of telecom major Mahanagar Telephone Nigam Ltd rose by $465 million. However, during the month of May, telecom major Tata Communications Ltd ended as the lone loser. (India Times)
The rise and rise of Bharti May 26, 2009
At that time, Mahanagar Telephone Nigam Ltd used to provide traditional rotary dial phone sets. Since telephone subscribers were usually affluent, Bhartis push button instrument was a big hit. (India Times, India -- Intl Business)
Indian ADRs drop $523 mn in past week; Infosys loses $996 mn Apr 20, 2009
com, telecom major Mahanagar Telephone Nigam Ltd, pharma major Dr Reddy's Laboratories valuation increase in the range of USD 2-27 million. Last week, the American markets made significant gains amid encouraging news from the financial sector. (India Times)
Infosys, Wipro and ICICI Bank ADRs gain big in one week Apr 6, 2009
Telecom major Mahanagar Telephone Nigam Ltd valuation remain unchanged at $888. 3 million. (India Times)
ADRs gain nearly $10 bn in March Mar 29, 2009
com and Sify Technologies, outsourcing entities WNS Holdings and EXLService and telecom major Mahanagar Telephone Nigam Ltd witnessed their market capitalisation rising in the range of $13-52 million. The latest official data showed that the American economy shrank by 6. (India Times)
Indian ADRs gain nearly $6 bn in one week; Infosys, Wipro major gainers Mar 15, 2009
However, the market capitalisation of outsourcing entity WNS Holdings and telecom firm Mahanagar Telephone Nigam Ltd declined marginally. Read business stories in. (India Times)
Indian shares trading on US bourses shed $2 bn last week Mar 8, 2009
On the other hand, Mahanagar Telephone Nigam Ltd's market cap decreased by 126 million dollars whereas the valuation of outsourcing entity Genpact fell by 101 million dollars. Auto-maker Tata Motors, Internet firm Reddif. (India Times)
Indian ADRs lose $2.5 billion in one week Feb 16, 2009
During the week, telecom company Mahanagar Telephone Nigam Ltd and copper producer Sterlite Industries witnessed their valuations rise by 41 million dollars and 35 million dollars respectively. BPO entity WNS too ended with a gain of 3. (India Times)
