MTNL Surges as Government Plans to Revive Telecom PSUs

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Shares of Mahanagar Telephone Nigam Limited (MTNL) surged in trade after the government said it will take steps to revive ailing telecom PSUs MTNL and BSNL.

Communications and IT minister Ravi Shankar Prasad said that steps will be taken on a priority basis to revive the two PSUs that have failed to ride the boom in the Indian telecom sector even as private operators like AirtelBSE 0.12 %, Vodafone and Idea grew from strength to strength. Original post at The Economic Times

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Wahengbam Rorrkychand

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