Thursday, April 12, 2012

DoT sees merit in merger of BSNL and MTNL.-.thehindubusinessline.11 04 12.

The Department of Telecom has told the Parliamentary Standing Committee on Information Technology that the proposal to merge BSNL and MTNL makes sense.
A team of DoT officials, including the Secretary, Mr R. Chandrashekhar, who appeared before the panel on Wednesday, said the Board for Reconstruction of Public Sector Enterprises' (BRPSE) recommendation that MTNL could be brought under BSNL was accepted by a committee set up by the DoT.
The DoT told the panel that the board's recommendation was examined by a committee headed by Member (Services) of the Telecom Commission. The committee, officials said, has submitted its report.
“The committee has recommended that while the merger of BSNL and MTNL prima facie makes sense, merger with or takeover of Indian Telecom Industries (ITI) by BSNL, reflects a poor business case for sustainable viability of ITI with no significant tangible benefits to BSNL,” a Standing Committee member said quoting the officials.



DoT sees merit in merger of BSNL and MTNL.-.thehindubusinessline.11 04 12.

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