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Tuesday, July 1, 2014

02-07-2014: No Bailout package for BSNL, MTNL.....media news

Telecom minister Ravi Shankar Prasad is cracking the whip on ailing telcos  MTNL  and BSNL. The minister has made it clear that companies must either perform or perish. CNBC-TV18's Malvika Jain and Elan Dutta spoke to industry experts to explore various opportunities the two companies could tap to script a turnaround. Revitalising the operations of state-run BSNL and MTNL, which have been making losses for eight consecutive years, is a priority area for the new government. However, telecom minister Prasad has made it clear that no bailout package will be provided. He wants the companies to focus on improving efficiency and market share.

Read more at: http://www.moneycontrol.com/news/business/ravi-shankar-prasad-crackswhipmtnl-bsnl_1116993.html?utm_source=ref_article