kmx_swing
15 years ago
MTNL in association with Sterlite Technologies introduces prepaid broadband service
November 13, 2009
Mahanagar Telephone Nigam Limited ("MTNL"), the state owned-telco has introduced Prepaid Broadband Services for residential and enterprise customers in the metropolitan city of Mumbai.
MTNL accounts to be the largest broadband service provider of Mumbai. The service has been launched in association with Sterlite Technologies Limited ("Sterlite"). Sterlite is a leading global provider of transmission solutions for the telecom and power industries.
The prepaid broadband service comes across as a unique service that would give MTNL clients the flexibility to instantly customize their broadband subscription plans, based on their self-estimated bandwidth usage, says the company in a press statement.
Sterlite has deployed the Prepaid Broadband Solution for MTNL that supports the operator's leadership in the competitive market of Mumbai. It leverages common network hardware & software assets to provide MTNL with network scalability.
“The prepaid solution deployment is part of a broadband project by MTNL in Mumbai, under which Sterlite Technologies is providing an end-to-end solution that includes OSS/BSS. Sterlite's scope of services for this project includes project management, installation and deployment, network operations, network maintenance, integration and testing,” elaborates Sterlite over the partnership.
Sterlite has also partnered with MTNL in implementation of several key technology platforms in Mumbai and New Delhi, that include MPLS Core Network, Metro-Ethernet Broadband + OSS/BSS, NGN / IPTAX.
kmx_swing
15 years ago
We'll have 6 lakh 3G subscribers by fiscal year-end.
Thursday November 12, 11:27 AM Source: Hindustan Times
India, Nov. 11 -- Though a state-run behemoth often accused of bureaucratic tardiness, Mahanagar Telephone Nigam Ltd is aggressively competing with private players. The company, which has led the way in high-speed broadband, voice over Internet protocol (VOIP) and IP television services, has more than one lakh 3G subscribers within a month of the launch of full-fledged services.
MTNL's chairman and managing director RSP Sinha spoke to Hindustan Times about the milestones and the plan ahead. Excerpts.
On 3G
MTNL was a late entrant in GSM services and we missed the mobile growth in the beginning. 3G has come as an opportunity for us to take lead over our competitors.
By November 8, we had added one lakh subscribers. In Mumbai, the full-fledged services were launched on November 9. I expect the same story to be repeated in Mumbai. By the end of this financial year we will have a 3G subscriber base of about six lakh.
On broadband services
When we launched broadband services on the latest technology (ADSL 2+), people were sceptical as it was the latest in the world and we were the second company in the world to launch this technology. Today, we account for over 90 per cent of the total market in Delhi and Mumbai and it adds Rs 450 crore per annum to our revenue. MTNL is also responsible for bringing down broadband tariffs.
On 2G mobile services
We suffered due to late entry in the market. On April1, 2004, our market share was hardly 5 per cent with a customer base of 3.6 lakh and the revenue was only Rs 180 crore.
http://in.biz.yahoo.com/091112/32/bauk5f.html
NOTE: LAKH = 100000
kmx_swing
15 years ago
PSU MTNL Declared Tariff Cut in its 3G Services – Today, PSU MTNL has declared a tariff cut in its 3G services. The company has acquainted a new prepaid plan priced at just Rs 109.
PSU MTNL has given promise to all that it will proffer 3G services at tariffs less than 2G for video calls as well as voice based calls. For all calls made to MTNL network, local video and voice charges will be 20 paisa per minute. Whereas calls made to other networks, local video and voice charges will be 50 paisa per minute.
As per the new prepaid plan, the voucher will offer 25 MB free data usage, free talk time of Rs 25 as well as 25 minutes of free video call.
The total price of Rs 109 includes Rs 29 for recharge voucher and Rs 80 for 3G SIM KIT. Along with rendering lifetime validity, the new prepaid voucher is named as prepaid 3G Jadoo voucher.
The new prepaid plan provides a promotional offer to be available for 30 days. These days, the operator is trying to attract more subscribers towards its 3G services fold. Previously, the plan has proffered lifetime validity to its Delhi subscribers.
The new prepaid plan has also launched a free 10 day trial offer. In the month of August, this year IT Sachin Pilot and Minister of state for telecom in the Rajya Sabha had revealed that MTNL currently has only approx. 902 subscribers for its 3G services.
http://ub-news.com/news/psu-mtnl-declared-tariff-cut-in-its-3g-services/6185.html
kmx_swing
15 years ago
MTNL offered new 3G prepaid connections for Rs 109
Nov 3, 2009 General Info
Mahanagar Telephone Nigam Ltd on Monday said it will offer new 3G prepaid connections for Rs 109 in its Mumbai circle.New subscribers can avail new ‘3G Tariff’, with local voice and video call charges at 20 paise per minute on own local network and 50 paise per minute for other local networks across Mumbai telecom circle with lifetime validity, MTNL said in a statement.
Third generation or 3G technology offers high speed internet access and download of contents like songs, movie clips and data.
MTNL, which operates in Delhi and Mumbai, offers 3G service under ‘Jadoo’ brand.
The new connection comes loaded with 25 minutes of free video call, 25 MB of free data usage as well as talk time of Rs 25, it said.
STD voice and video calls would be charged at 75 paise, it added.
kmx_swing
15 years ago
MTNL Recovers, Posts Profit Of Rs. 205.84M
By Preethi J ⋅ November 1, 2009
Government owned telco MTNL added 72,284 mobile connections in the quarter ended September 2009. It owns 735,744 broadband connections (of the 6.8 million in India totally) and 4.36 million mobile connections (of 456 million). In August, the company’s total customer base stood at 8.18 million; the telco offers cellular (Dolphin/Trump GSM; Garuda CDMA and 3G Jadoo), landline, IPTV and broadband (fixed MTNL Triband and Wi-fi (MTNL Wifine) services.
After a rough first quarter ended June 2009 where it suffered a net loss of Rs. 468.47 million, MTNL reported profits of Rs. 205.84 million in the quarter ended September 2009. Profits were down 77.5% year on year. Revenues inched up (1.7%) to Rs. 9720.59 million sequentially and were down 21% compared to the Rs. 12,315.6 million recorded in the corresponding quarter last year. Expenses were curtailed at Rs. 10,850.47 million in the quarter.
MTNL depends heavily on wireline (landline) segment which has been facing steady disconnections as subscribers opt for mobiles. So it comes as a surprise that the division, instead of doing worse, has bucked up in the quarter. It has recorded substantially lowered losses of Rs. 193.49 million, a steep improvement of 82% compared to the previous quarter. According to August 2009 telecom statistics released by the Indian telecom regulator TRAI, MTNL lost 22,626 landline connections in August, bringing its total to 3.51 million connections. In July, it had lost 8181 connections. September 2009 statistics are not yet out. Revenues of Rs. 7869.33 million for the quarter ended Sep 09. Revenues are down 11.2% year on year, but marginally up compared to last quarter.
Profit before tax recorded by the mobile division rose 21.8% sequentially to Rs. 370.87 million on revenues that rose a bare 2.1% to Rs. 1795.57 million.
Subsidiary
The 50:50 joint venture between BSNL and MTNL, Millennium Cable System, is expected to be ready by the third quarter of 2011. A submarine cable will be laid from Indian East Coast to South-east Asia and from Indian West Coast to middle East connecting our subcontinent to Europe and North America. MTNL has initiated dialogues for signing of MOUs with Singtel,
http://www.medianama.com/2009/11/223-mtnl-q2-10/
kmx_swing
15 years ago
Mahanagar Telephone Nigam Limited (NYSE:MTE) – Common stock target price achieved.
October 28th, 2009 Suraj Leave a comment Go to comments
On 27 October 2009, Mahanagar Telephone Nigam Limited’s (MTNL) common stock achieved our target price. The decrease in common stock price primarily reflects weak fundamentals. Although the current stock price does not support a SELL rating, we reiterate our SELL rating for the common stock considering the company’s continuous dismal performance in gaining lucrative 3G subscriber-base. We will reassess our target price and rating in our next update report, once the company releases its 2Q 10 results. We reiterate our ADR rating a BUY as we continue to expect a positive currency impact on the ADR over the medium term. We will reassess our target price and rating in our next update report.
From September 2009, the Research Oracle will begin to accept research submissions from readers – whether amateur or professional analysts – from around the globe. To receive notification of the launch and rules, contributors may register now at
http://www.iirgroup.com/researchoracle/researchoracleaward
Read more: http://blogs.iirgroup.com/?p=16115#ixzz0VP8DAjPy
kmx_swing
15 years ago
BSNL and MTNL eye Russia, Europe
Published: Fri, 23 Oct 2009 at 21:46 IST Click Image to Enlarge
F Prev Next LBangalore: Not content with its joint bid for Kuwait listed Zain Telecom, state-owned Bharat Sanchar Nigam (BSNL) and Mahangar Telephone Nigam (MTNL) are planning to set up a special purpose vehicle (SPV) with Delhi-based Vavasi group to participate in a joint venture for Russian and western European telecom operations.
According to Business Standard, under the deal, Vavasi is acquiring frequency spectrum and licences for Russia and several western European countries. The same SPV that is being formed to acquire a majority stake in Zain will be used to invest in the Russian operations. As part of the agreement half the equity in the SPV will be controlled by the Vavasi group, and the rest will be held by the BSNL-MTNL combine.
Confirming the development, a Senior Vavasi group Executive said, "We are in the process of acquiring a license for the new generation (NG)-1 technology and have applied in Russia and four other European countries." Talks are on with BSNL and MTNL to get them as partners, but BSNL Chairman Kuldeep Goyal, did not respond to a query on this issue.
NG-1 technology is an alternative to GSM and CDMA and was developed in the U.S. universities and Vavasi claims that the network needs lower capital expenditure as well as operating expenses.
Vavasi has also applied to the Indian government to allow it to run mobile services based on this technology, but the application is pending. NG-1 operates on bands between 1785 and 1805. The Vavasi-BSNL-MTNL combine will be the first to operate on this band if they get the licence.
As part of the memorandum of association with Vavasi Telegence, the state-owned corporations have agreed to establish the SPV with an initial paid-up capital of 20,000 Singapore dollars.
kmx_swing
15 years ago
BSNL, MTNL offered majority in Zain SPV
The race for control of Kuwait-headquartered Zain Telecom has quickened with the Indian consortium led by Delhi-based Vavasi group saying it is willing to give a majority stake in the consortium to state-owned Bharat Sanchar Nigam Ltd (BSNL) or Mahanagar Telephone Nigam Ltd (MTNL), depending on which company gets government approval to go ahead with the deal.
The Vavasi group has an agreement with the Kharafi family of Kuwait to pick up its 46 per cent stake in Zain Telecom.
BSNL Chairman Kuldip Goyal, who confirmed to reporters in Geneva yesterday that it had given Vavasi a letter expressing interest in joining the consortium, said the telecom company would like to have more than 50 per cent with management control of the special purpose vehicle (SPV) that will be set up to bid for Zain. This effectively means the telecom utility will control 23 per cent of Zain’s equity.
The proposal has the support of the Department of Telecommunications and Communications Minister A Raja has said it is well within the scope of the PSUs to go for such bids.
A top executive of the Vavasi group said the company was floating an SPV in which half the equity will be held by four partners — Vavasi, two private equity funds and Malaysian billionaire Syed Mokhtar Al Bukhary. The rest of the equity will be held by a telecom company.
“If the telecom company wants more than 50 per cent stake and majority control we are willing to offer that so as long as it fits in with our strategic objectives,” the executive added.
The Vavasi group, he said, will initially pick up 10 per cent in the SPV and may increase it later.
The Kharafi family has also offered shareholders with 300,000 shares to join the consortium and according to Vavasi group executives they could get control of up to 50 per cent stake in Zain.
The government of Kuwait holds 25 per cent in Zain through the Kuwait Investment Authority (KIA) and has said it is willing to sell if the price is right. “We are in talks with KIA and will look at engaging with them as well,” the Vavasi executive said.
Merchant bankers say both Bharti, which recently failed in a bid to acquire a stake in South Africa’s MTN, and the Essar Group have explored options of buying Zain. Spokesmen from both groups declined to comment.
Zain Telecom is the new jewel in the crown in the African market with over 69 million customers and operations in 24 countries spreading across West Asia and Africa and with a market capitalisation of $19.5 billion.
With over 41 million customers in Africa alone (which include Uganda, Kenya, Tanzania, Republic of Congo and Chad, among others) it is the number one mobile operator in 12 of the 16 countries in the region. In West Asia, the main markets in which it operates are Saudi Arabia, Kuwait, Iraq, Bahrain and Jordan
kmx_swing
15 years ago
MTNL gets a Pat on the back; Hands over Dividend
Dated: 22nd Oct-09
PRESS RELEASE
New Delhi, October 22nd, 2009: MTNL today presented a cheque for Rs.35.43 crores, towards 10% dividend for the Financial Year 2008-09 to the Hon’ble Minister of Communications & IT, Thiru. A. Raja. In its 23rd AGM held on 25-09-2009, MTNL approved payment of final dividend @ 10%, amounting to Rs. 63 Crore on the paid up equity capital of Rs.630 Crores for the financial year 2008-09, out of which Rs. 35.43 Crore paid to Govt. of India and Rs. 27.57 Crore to others.
MTNL is the market leader in offering latest telecom solutions including 3G mobile service to its customers at the most affordable prices. The period has also seen a significant growth in the subscriber base of services like mobile, broadband, IPTV, etc. in both Delhi & Mumbai. The recent launch of 3G service in Delhi attracted more than 20K customers within one week of the launch. As on 31st August, 2009, MTNL’s customer base of voice services exceeds 8.18 million.
Speaking on the occasion, the Honorable Minister of Communication and IT, Thiru A. Raja said, “ I congratulate MTNL for introducing latest technologies in their network, and it’s very evident that they are moving in the right direction. MTNL has been playing a key role in stimulating the market dynamics by reducing tariffs and providing greater consumer benefits”.
MTNL has paid dividend @ 40% on its equity capital of Rs.630 Crores during last year. During the last eight years(excluding 2008-09), an aggregate amount of Rs.2173.50 Crores has been paid as dividend to all the shareholders out of which Rs.1222.59 Crores has been paid to the Govt. of India on their shareholding of 56.25% in the company.
About MTNL: MTNL was set up on 1st April, 1986 by the Government of India to upgrade the quality of telecom services, expand the telecom network, introduce new services and to raise revenue for telecom development needs of India’s key metros – Delhi, the political capital and Mumbai, the business capital of India. In the past 21+ years, the company has taken rapid strides to emerge as India’s leading and one of Asia’s largest telecom operating companies. Besides having a strong financial base, MTNL has achieved a customer base of 8,182,133 as on 31st August, 2009.
The company has also been in the forefront of technology induction by converting 100% of its telephone exchange network into the state-of-the-art digital mode. The Govt. of India currently holds 56.25% stake in the company.
In the year 2008-09, the company is focussing on 3G Service, Broadband, IPTV & VOIP customer base, achieving at least 7,50,000 broadband customers, and further expanding its operations through acquisitions and Greenfield licenses in overseas market.
kmx_swing
15 years ago
Nigeria extends Nitel bid deadline to end-October
Tue Oct 6, 2009 LAGOS, Sept 6 (Reuters) - Nigeria has extended the deadline for expressions of interest in its former telecom monopoly Nitel, which has been struggling to find investors for the last few years.
The Bureau for Public Enterprises (BPE) said on Tuesday it had extended its Aug. 28 deadline following requests by investors for more time to sort out issues with their proposed technical partners. It was the government's first update on the tender since the deadline passed.
"The new deadline is now Oct. 26. Some investors say their partners are from overseas so they need more time to get things done, to get their partners ready," BPE spokesman Joe Anichebe said.
"Because of the delicate nature of the transaction, we need to accommodate their suggestions."
The BPE invited bids in July for a 75 percent stake in Nitel and each of its subsidiaries, which include mobile unit MTEL, the South Atlantic Terminal underwater cable (SAT-3) and analogue cellular phone units STAC and CDMA.
The agency said that 14 potential investors, including the Nigerian arms of South Africa's MTN Group (MTNJ.J) and Emirates Telecommunications Corp (Etisalat) (ETEL.AD), MTNL India (MTNL.BO), a group involving Spain's Telefonica (TEF.MC) and local firm Globacom, had expressed interest.
Nigeria is one of the world's fastest growing markets, adding 7 million new subscribers in the last quarter of 2008 alone and has overtaken South Africa to become the biggest on the continent.
That could make Nitel more attractive to foreign investors, particularly if its mobile unit can be bought at the right price. But the government has struggled to sell Nitel, mainly because of the shambolic state of its fixed line infrastructure.
Its fixed lines have fallen to less than 100,000 from five times that number in 2001 and MTEL subscribers have dropped to a few thousand from over 1 million.
Nigeria ended Nitel's monopoly in 2001 and tried to sell the operator the same year. However, preferred bidders failed to pay the $1.3 billion price tag by the deadline, leaving it in state hands.
Local conglomerate Transcorp (TCNP.LG) later bought a majority state in the firm but the government took back control in June, citing a lack of investment and unpaid debts. ID:nL1639247]
Nigeria came close to selling Nitel in late 2005 to Egypt's Orascom Telecom (ORTEq.L), but the government rejected the $257 million offer as too low. (For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Editing by Randy Fabi and Karen Foster)
http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSL637209620091006
kmx_swing
15 years ago
Oct 09, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- MTE |
Mahanagar Telephone Nigam Limited, an India-based provider of fixed-line and other telecommunication services, has signed a non-disclosure agreement to acquire a 75% stake in Zambia Telecommunications Company Limited, a provider of communication services, from the Government of Zambia.
Zambia Telecommunications is valued at $200 million.
http://www.tradingmarkets.com/.site/news/Stock%20News/2573056/#
kmx_swing
15 years ago
Mahanagar Telephone Nigam Ltd has invited bids for buying and implementing 150,000 2G and 50,000 3G lines for its Mauritius operations, according to a tender notice on the company's website. The last date for submission of bids is November 4, and the same will be opened on November 16. In the first phase, the company plans to buy 100,000 2G lines, while in the second phase it will buy another 50,000 lines each of 2G and 3G. At 14.25 IST, shares of MTNL were trading at Rs 81.95 on the National Stock Exchange, up almost 1% from the previous close.
Published on Tue, Oct 20, 2009 at 12:22 , Updated at Tue, Oct 20, 2009 at 13:04
Source : NewsWire18
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kmx_swing
15 years ago
MTNL - Q2 results on Oct 30, 2009
IPO News
October 16, 2009
Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2009, inter alia, to consider and take on record the Unaudited Financial Results (provisional) of the Company for the quarter ended on September 30, 2009 (Q2).
kmx_swing
15 years ago
MTNL set to grab 3G market with video calls
NEW DELHI, Oct 14, 2009 (Hindustan Times - McClatchy-Tribune Information Services via COMTEX) -- MTE |
-- The government-owned Mahanagar Telephone Nigam Ltd (MTNL) is all set to give private telecom operators a run for their calls in 3G services in Delhi and Mumbai . The company is offering video calls at 20 paise per minute for calls made to another MTNL subscriber. This is at least 50 per cent lower than tariff for plain voice call (2G service) offered by any operator.
Private operators are unlikely to offer 3G services before nine months as the bidding for spectrum has not yet begun. Taking its first-mover advantage, MTNL plans to capture the market by bringing down prices of both services and handsets before private players launch services.
It is also offering a handset bundled with its services at Rs 5,990 in a tie up with Micromax. The handset comes with MTNL 3G logo Jadoo. By bringing down prices for both services and handset, the company has set ambitious targets.
"We expect to reach a subscriber base of at least 500,000 by the end of this financial year," said R.S.P. Sinha, MTNL's chairman and managing director. The company launched its 3G services in February in NDMC area in Delhi and now has services all over Delhi, Gurgaon and NOIDA.
"By making 3G cheaper than 2G services, we want customers to get used to them," Sinha said. "I am looking for a critical mass. Our target is to acquire 100,000 subscribers each in Delhi and Mumbai by November 10."
Currently, the company is adding 2,500 subscribers daily in each city.
Sinha believes that data card -- a device that allows users to access the Internet from their computers -- is another killer application. Laptop computers from companies such as HCL Computers are being sold with MTNL 3G cards embedded in them.
The company expects to repeat broadband performance here. "When other were charging Rs 2,000 per month, we started with 499 and today we are offering at Rs 99 per month," Sinha siad. "Today we have more than 730,000 broadband subscribers and we are adding 800 customers daily. I expect similar explosion in 3G."
http://www.tradingmarkets.com/.site/news/Stock%20News/2578258/#
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For full details for MTE click here.
kmx_swing
15 years ago
BSNL, MTNL doing due diligence for Zain - report
Sat Sep 12, 2009 7:48pm IST Email | Print | Share| Single Page[-] Text [+]
KUWAIT (Reuters) - Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam are undertaking due diligence to buy a stake in Zain, the Indian ambassador to Kuwait said in remarks published on Saturday.
Last week, the two state-run firms said they had not decided on whether to join a consortium that is buying a 46 percent stake in Kuwaiti telecom Zain.
"MTNL and BSNL are always looking for investment opportunities overseas to expand their operations. As for buying a stake in Zain group, the evaluation and due diligence is ongoing," ambassador Ajai Malhotra said, according to al-Qabas newspaper.
The Indian embassy could not be reached for comment on Saturday.
Family conglomerate Kharafi Group, a major shareholder in Zain, has said it would sell a 46 percent stake in Zain -- comprising its estimated 20 percent holding plus that of other shareholders -- in a deal that would be worth around $13.7 billion.
A consortium of Indian telecom companies and a Malaysian investor signed an agreement on Tuesday to buy the stake.
Kharafi Group's vice president Badr al-Kharafi said on Tuesday the consortium is led by India's Vavasi Group and includes regional telecom companies BSNL and MTNL, and Malaysian billionaire Syed Mokhtar al-Bukhary.
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inflationista
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