US EditionThe MTNL story - Rescue, repeat, regret
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The MTNL story - Rescue, repeat, regret
In today’s Finshots, we tell you why MTNL’s rescue is stuck in a limbo and how it could end up hurting Indian banks, and you.The Story1986. That’s when it all began. The government launched Mahanagar Telephone Nigam Limited (MTNL) to improve telecom services in India’s two biggest cities ― Mumbai and Delhi. For a while, it thrived, with a monopoly on landlines and even becoming India’s first telco to launch 3G in 2008. But the good days didn’t l…
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