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Source: Live Mint BSNL has posted a net profit of ₹262 crore for December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday terming it a “significant turning point” for the state-owned telco that has been focused on expansion of service offerings and subscriber base. BSNL scripted…
Source: Live Mint Stock market today: Shares of telecom public sector undertaking (PSU), Mahanagar Telephone Nigam Limited (MTNL), zoomed nearly 10% in trade on Monday, February 10 following reports that the Union Cabinet, at its meeting last week, has approved funding of nearly ₹6,000 crore for BSNL for 4G expansion. According to a report by…
Source: Live Mint It was a foregone conclusion that Indian private telecom companies would do well in the September quarter (Q2FY25) thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades. This has played out with aggregate wireless revenue for the three private telcos—Reliance Jio Infocomm Ltd, Bharti…
