Cabinet approved merger of BSNL and MTNL

New Delhi: The Cabinet Committee on Economic Affairs on Wednesday gave an in-principle nod to a proposed merger of Mahanagar Telephone Nigam Limited (MTNL) with Bharat Sanchar Nigam Limited (BSNL) in a bid to revive debt-ridden state-run telecom operators.

“The government is neither closing nor divesting stake in MTNL and BSNL,” Union Minister Ravi Shankar Prasad said in a press briefing on Wednesday.

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